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Car Lease Penalties

2014 Mercedes-Benz GLK350 LT 264543
2014 Mercedes-Benz Lease Location: Stamford, Connecticut
Category: SUV
Exterior color: White
7 month lease
$65.61 lease payment
Fuel efficiency: 16 city, 21 hwy
2016 Chevrolet Spark EV LT 273217
2016 Chevrolet Lease Location: San Diego, California
Category: Compact
Exterior color: Black
26 month lease
$75.00 lease payment
Fuel efficiency: city, hwy
2015 Ford Focus SE LT 270893
2015 Ford Lease Location: Congress, Arizona
Category: Sedan
Exterior color: Graphite
18 month lease
$120.33 lease payment
Fuel efficiency: 35 city, 40 hwy
2015 Ford Fiesta SE Hatch LT 273102
2015 Ford Lease Location: Portland, Oregon
Category: Hatchback
Exterior color: Light Green
12 month lease
$150.00 lease payment
Fuel efficiency: 29 city, 38 hwy
2015 Nissan Sentra SV LT 273344
2015 Nissan Lease Location: Miami, Florida
Category: Sedan
Exterior color: White
16 month lease
$155.45 lease payment
Fuel efficiency: 30 city, 39 hwy
2014 Toyota Prius c Two LT 261601
2014 Toyota Lease Location: Camarillo, California
Category: Compact
Exterior color: Silver
4 month lease
$179.72 lease payment
Fuel efficiency: 53 city, 46 hwy
2016 Chevrolet Cruze LT LT 254000
2016 Chevrolet Lease Location: Dearborn, Michigan
Category: Compact
Exterior color: Silver
10 month lease
$179.73 lease payment
Fuel efficiency: 26 city, 36 hwy
2015 Toyota Corolla L LT 272773
2015 Toyota Lease Location: San Jose, California
Category: Sedan
Exterior color: Gray
37 month lease
$184.00 lease payment
Fuel efficiency: 30 city, 42 hwy
2015 Ford C-MAX Energi LT 268985
2015 Ford Lease Location: Portland, Oregon
Category: Compact
Exterior color: White
12 month lease
$199.00 lease payment
Fuel efficiency: 88 city, 88 hwy
2016 Toyota Prius c Four LT 272640
2016 Toyota Lease Location: Van Nuys, California
Category: Compact
Exterior color: Charcoal
11 month lease
$200.00 lease payment
Fuel efficiency: 53 city, 46 hwy
2015 Cadillac SRX CrossOver LT 263260
2015 Cadillac Lease Location: Miami, Florida
Category: SUV
Exterior color: Black
11 month lease
$200.00 lease payment
Fuel efficiency: 17 city, 23 hwy
2015 GMC Terrain SLE1 LT 254056
2015 GMC Lease Location: Woodland Hills, California
Category: SUV
Exterior color: Dark Red
12 month lease
$200.00 lease payment
Fuel efficiency: 22 city, 32 hwy
2015 Ford Mustang EcoBoost Premium Fastback LT 263802
2015 Ford Lease Location: Los Angeles, California
Category: Coupe
Exterior color: Dark Blue
7 month lease
$201.00 lease payment
Fuel efficiency: 22 city, 31 hwy
2015 Nissan Altima 2.5 S LT 254126
2015 Nissan Lease Location: Lansing, New York
Category: Sedan
Exterior color: Black
14 month lease
$224.50 lease payment
Fuel efficiency: 27 city, 39 hwy
2015 Lexus IS 250 LT 261218
2015 Lexus Lease Location: Canyon Country, California
Category: Sedan
Exterior color: Black
24 month lease
$241.18 lease payment
Fuel efficiency: 21 city, 29 hwy
2015 Nissan Rogue SV LT 273030
2015 Nissan Lease Location: Willoughby, Ohio
Category: SUV
Exterior color: Black
16 month lease
$245.96 lease payment
Fuel efficiency: 26 city, 33 hwy
2016 BMW i3 REX Electric LT 273577
2016 BMW Lease Location: Newbury Park, California
Category: Compact
Exterior color: Black
28 month lease
$248.00 lease payment
Fuel efficiency: 137 city, 111 hwy
2016 Toyota Camry LE LT 257388
2016 Toyota Lease Location: Millersport, Ohio
Category: Sedan
Exterior color: Silver
17 month lease
$250.79 lease payment
Fuel efficiency: 25 city, 35 hwy
2015 Mercedes-Benz CLA250 4MATIC 4-Door Coupe LT 261154
2015 Mercedes-Benz Lease Location: Campbell, California
Category: Sedan
Exterior color: Silver
22 month lease
$261.00 lease payment
Fuel efficiency: 23 city, 33 hwy
2015 Toyota Camry SE LT 257289
2015 Toyota Lease Location: Canton, Ohio
Category: Sedan
Exterior color: Silver
16 month lease
$140.85 lease payment
Fuel efficiency: city, hwy

If you have really high mileage fees, consider selling the car yourself rather than paying the penalty. Any dents should be removed by a local body shop rather than turning it in with the damage. Customers get upset about having to pay mileage penalties. When you decided to lease the car, you said you would drive only 12K miles a year. If you drive more, you have to pay for the value of the car you have used.

Many problems with leasing can be avoided by negotiating a good lease in the first place. Do your homework even before stepping into the dealership. Make sure you read all of the contract twice so that you can find any hidden costs and fees. Preferably, sleep on it but take a written offfer with you so that conditions cannot be changed when you go back the next day.

Try not to put money down. This is very important. We recommend an alternative. If you have to put that two thousand down to get the payment where you want, take the two thousand dollars and put it in a separate account and use a portion of that each month to help make the payment. Since gap insurance will not cover any down payments in the event that the car is totaled. Gap insurance will only pay for the current buyout price.

Avoid subsidized leases with inflated residuals. You won't be able to afford the car at the end of the lease because it won't be worth what the contract states. You will be stuck and will have to turn it in. A lower payment isn't always a better deal.

Lease the car for a term not longer than you would normally keep a car. If you keep a car about three years, do a three-year lease. A four- or five-year lease will be harder to get out of and more difficult to turn in without extra fees. Make sure that the warranty covers you for the term of the lease.

Choose a car with a naturally higher residual. If the vehicle holds its value - or surpasses its expected value there may be an option to buy it and make money at the end of the lease.

If you have now a car lease that you want to terminate early Click Here for the cheapest solution to avoid all those end of lease penalties and fees.

Get more help about your car lease ? - Click here to get more information in our car lease guide

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