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Car Lease Penalties

2016 Toyota Corolla LE LT 306652
2016 Toyota Lease Location: Burr Ridge, Illinois
Category: Sedan
Exterior color: White
9 month lease
$188.13 lease payment
Fuel efficiency: 29 city, 38 hwy
2016 Fiat 500x Lounge LT 305831
2016 Fiat Lease Location: Aventura, Florida
Category: Compact
Exterior color: Red
19 month lease
$199.00 lease payment
Fuel efficiency: city, hwy
2018 Toyota Corolla SE LT 306081
2018 Toyota Lease Location: East Amherst, New York
Category: Sedan
Exterior color: Silver
26 month lease
$199.95 lease payment
Fuel efficiency: 30 city, 42 hwy
2016 Toyota Corolla S LT 306102
2016 Toyota Lease Location: Brookfield, Connecticut
Category: Sedan
Exterior color: Blue
7 month lease
$200.00 lease payment
Fuel efficiency: 29 city, 38 hwy
2018 Toyota Corolla LE LT 302197
2018 Toyota Lease Location: Mineola, New York
Category: Sedan
Exterior color: Black
23 month lease
$200.00 lease payment
Fuel efficiency: 29 city, 38 hwy
2016 Buick Encore Base SUV LT 302071
2016 Buick Lease Location: North Arlington, New Jersey
Category: SUV
Exterior color: Gray
13 month lease
$203.97 lease payment
Fuel efficiency: 25 city, 33 hwy
2016 Mercedes-Benz GLE350 4MATIC SUV LT 303166
2016 Mercedes-Benz Lease Location: Falcon, Colorado
Category: SUV
Exterior color: Dark Blue
6 month lease
$249.85 lease payment
Fuel efficiency: city, hwy
2018 Toyota Rav4 LE LT 302105
2018 Toyota Lease Location: Gilbert, Arizona
Category: SUV
Exterior color: Charcoal
25 month lease
$260.05 lease payment
Fuel efficiency: 24 city, 31 hwy
2017 Lexus CT F Sport LT 301143
2017 Lexus Lease Location: Irvine, California
Category: Sedan
Exterior color: Black
13 month lease
$269.71 lease payment
Fuel efficiency: 43 city, 40 hwy
2018 BMW 320i xDrive Sedan LT 307752
2018 BMW Lease Location: Boxford, Massachusetts
Category: Sedan
Exterior color: Silver
16 month lease
$245.29 lease payment
Fuel efficiency: 27 city, 34 hwy
2017 Nissan Sentra SR Turbo LT 301168
2017 Nissan Lease Location: Inwood, New York
Category: Sedan
Exterior color: Gray
20 month lease
$284.00 lease payment
Fuel efficiency: 30 city, 39 hwy
2017 BMW 320i Sedan LT 300580
2017 BMW Lease Location: Hollister, California
Category: Sedan
Exterior color: Black
24 month lease
$289.00 lease payment
Fuel efficiency: 28 city, 36 hwy
2017 Ford Escape Titanium LT 291489
2017 Ford Lease Location: Venice, Florida
Category: SUV
Exterior color: Titanium
13 month lease
$299.04 lease payment
Fuel efficiency: 22 city, 30 hwy
2016 Jeep Wrangler Sport LT 286748
2016 Jeep Lease Location: Novato, California
Category: SUV
Exterior color: Green
10 month lease
$299.83 lease payment
Fuel efficiency: 15 city, 19 hwy
2014 BMW X3 xDrive28i LT 284715
2014 BMW Lease Location: Sarasota, Florida
Category: SUV
Exterior color: Burgundy
17 month lease
$311.47 lease payment
Fuel efficiency: 21 city, 28 hwy
2017 Chevrolet Bolt EV Premier SUV LT 300394
2017 Chevrolet Lease Location: Woodburn, Oregon
Category: SUV
Exterior color: Black
12 month lease
$314.00 lease payment
Fuel efficiency: city, hwy
2017 Jeep Wrangler Unlimited Sport LT 292275
2017 Jeep Lease Location: Costa Mesa, California
Category: SUV
Exterior color: Dark Blue
27 month lease
$337.24 lease payment
Fuel efficiency: 15 city, 20 hwy
2017 Ford Explorer XLT LT 303134
2017 Ford Lease Location: Ferndale, Michigan
Category: SUV
Exterior color: Black
20 month lease
$353.00 lease payment
Fuel efficiency: 17 city, 25 hwy
2017 Mercedes-Benz C300 4MATIC Coupe LT 294977
2017 Mercedes-Benz Lease Location: Denver, Colorado
Category: Coupe
Exterior color: Black
16 month lease
$360.05 lease payment
Fuel efficiency: 23 city, 30 hwy
2018 BMW 430i Gran Coupe LT 308038
2018 BMW Lease Location: San Jose, California
Category: Coupe
Exterior color: White
18 month lease
$366.37 lease payment
Fuel efficiency: 24 city, 34 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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