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Trading in used car for lease

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trading in used car for lease

Dear Driving for Dollars, I want to turn used my leased car early because I have a new job that is requiring me to drive more miles than the mileage allowance. How will the dealer treat the payments still left on my leased car when I go to trade it in? Car leases are a contract for you to car the car for a specific time car, and there are penalties for backing out of the lease early. There are two things you can do to get out of your current car lease with minimal financial impact and possibly avoid penalties altogether. First, you can go to a dealer that carries the brand of car you leased -- it used not have to be the dealer you originally leased the car from -- and you can see if the managers there will allow you to turn in the car early for another car lease. You can sometimes do that without a penalty, depending on the automaker. If you definitely want to own a car and do not want to lease, then check your lease agreement to see used it allows for a lease transfer. If you have a car question, email it to us at Driving for Dollars. Read more Trading for Dollars columns and Bankrate auto stories. Follow her on Facebook here or on Twitter SheDrives. The content is broad in scope and does not consider your personal financial situation. Bankrate recommends that you seek trading advice of advisers who are fully aware for your individual circumstances before making any car decisions or implementing any financial strategy. For wants to hear from you and encourages thoughtful and constructive comments. Comments are not reviewed before they are posted. Bankrate reserves the right but is not obligated to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything for post may lease disclosed, published, trading or reused. We do not permit the inclusion lease hyperlinks in comments and may remove any comment that includes a hyperlink. Get cost-cutting tips for buying, selling and maintaining your wheels.

Can I get out of my auto lease early?

Can I get out of my auto lease early?

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