Sell your leased car and get a check.
You can take your car to any dealer, not just the one where you arranged the lease, and let the dealer buy the car at the trade-in price.
The dealer will pay the leasing company what you owe and give you a check for the equity.
Can I trade in my leased car early for another car?
Can You Trade in a Leased Car Early to Buy Another Car From a Different Dealership? At any time during your lease, you or someone else can purchase your vehicle from your leasing bank, allowing you to trade in your car to a different dealership than the one holding the original lease.
How can you get out of a car lease without penalty?
Best Way to Break Your Car Lease Without a Penalty
- Read Your Agreement Carefully.
- Try to Find Someone to Take Over Your Lease.
- Trade It for Another Vehicle.
- Take the Early Buyout Option.
- Or, Just Wait It Out.
What happens when you return a leased car?
If you can afford to buy out your lease, you have the option to return your leased car to the dealership. Provided you pay the difference between the amount you have paid to date and the amount you owe for the remainder of the lease, your credit will not suffer when you return the vehicle.
Photo in the article by “Naval History and Heritage Command – Navy.mil”