| How can I terminate my lease early without losing a lot of money? |
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It's unfortunate that so many consumers are in leases they can't afford. It is very important to think twice before you decide to lease. Dealerships love to push leases because they're so profitable for them. It is very hard to see how much money they are making on you. They can sell you the car below invoice and still make few thousand dollars. So be very careful! Now here are the two best ways to get of your lease early: Sell your car on your own: 1. Call the lease company or bank that's handling your lease. 2. Get the "pay-off" amount. This is how much it will cost you to buy the vehicle outright. 3. Try to sell the car on your own to a private party or even the dealer for as close as possible to that "pay-off" amount. Find someone to take over your lease: 1. Visit the Swapalease or Leasetrader websites. 2. Place an online ad to sell or trade your lease. It's not always easy to get out of a lease, especially when you owe more than the car is actually worth. (That's a very common problem). But it can be done. So give it a try. |
