The Consumers Guide to Auto Leasing
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Lease a Car 401

  
 
 
 

 

 

Car Leasing 401 - Vehicle Lease-end Considerations

As a consumer, you have options at the end of the lease agreement. Rather than simply returning the vehicle that you’ve invested your hard earned money into over the past 24-48 months, you have multiple options at lease end, and even during the lease contract. Before getting into a vehicle lease, know that you have these options:
  • Simply return the vehicle at lease end and walk away
  • Extend the car lease for another X months
  • Lease a different vehicle (re-lease) Ex. Upgrade to a car that more suites your desire.
  • Purchase the leased vehicle out-right. No more monthly lease payments.
  • Trade in the leased vehicle against a new lease or purchase a new vehicle
  • And lastly, of the lesser known, break your car lease during the contract and transfer the car lease to another consumer who is seeking to get into a short term auto lease.

However, remember breaking your lease agreement early can be very costly and a head-ache; however there are options to get around the major costs and pains with breaking your lease, such as transferring your lease to someone seeking to take over the lease on a short term period.

If you find yourself in a bind after you’ve tied yourself into your car lease, the option of finding someone to take over your car lease contract and payments is available – but not likely through the leasing company or dealership.

Finding those consumers seeking to take over a lease till the end of your car lease agreement can be like finding a needle in a hay-stack, however there are online directories and websites available that bring both of these two types of people together – both with their individuals needs: Transfer a lease and take over a lease.

Part VI: What Lease-end Option to Take What Lease-end Option to Take

 
   
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