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There are no laws that allow you to terminate the car lease after 24 hours or 3 days of the deal. If you really want to come out of the lease, you can either go for 'early lease buyout' or 'transfer the lease' but depending on the contract, you can't do that for a year.
Although there is some variation in the process, a lease return typically starts about 90 days before the end of the vehicle contract. The leasing company (technically called the “lessor”) will contact you to let you know your lease contract is coming to an end.
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.
When you sign an auto lease, you may notice a sign in the finance manager's office stating, “There is no cooling-off period.” Unlike a mortgage or other loan, a car lease contract is final, and there is no three-day right to rescind your contract. You cannot turn in your keys and change your mind.
If you roll your current lease into another one, you'll still pay early exit fees as part of your new monthly payment. You might be able to roll your current lease into another one at the dealership. Furthermore, you'll still need to pay early exit fees, but they'll be included in the monthly payments of your new car contract.
In most cases, a recently purchased vehicle cannot be returned to a dealership within 24 hours, 10 or 30 days, or if you try out the vehicle and don't like it.
A Deal Is a Deal If it happens that you decide you're not happy with your vehicle after you've signed your lease contract, there is no grace period or 3 day return policy in which you can cancel the deal. However, if you believe that mistakes have been made, contact the dealer and leasing company immediately.
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.
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