06.06.06
Bust Out of a Lease - How?
“As a current car lease owner, I’ve often thought to bust out of a car lease, but assumed the penalties of breaking a car lease would far out-weigh the benefit of sticking with the lease. Then, I ran into someone at the shopping centre and we got to talking, and discovered he had leased a car in the past as well, but managed to get out of the lease without paying the penalties. To my surprise, he found someone to transfer a car lease too. How do I go about finding someone to take over a lease?”
We came across this post online by an individual seeking to bust out of a car lease. Again, this is becoming a popular topic we’re finding of individuals seeking due diligence before leasing a car, and while in a current car lease. Many consumers still feel they need to ride out their car lease, or if they return the vehicle lease early will have to pay a stiff penalty. The answer to this depends on the lease agreement you have with your lease company. Our advice, look at your lease agreement and see if you can bust out of your car lease without paying a penalty by transferring the lease to another individual. If you can, there are a few good marketplaces online where you can advertise your lease for take over.