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Can you turn a lease into any dealership?

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. However, Whit mire cautions, don't expect the money immediately.

Can I exchange my leased car?

You can exchange a recently leased car with another one from the same dealer or any dealer for that matter You will have a payoff on the lease as if your purchased this vehicle as a finance transaction, so the dealer will pull the payoff of your lease and appraise your vehicle.

Can you upgrade a leased vehicle?

You can upgrade your car lease, usually close to the end of your term. Many manufacturers offer programs to keep your business for another lease term. Go to the same make dealer that your current vehicle lease is through. To qualify for any programs you must lease again through the same bank.

Do I have to turn my leased car to the same dealership?

In theory, you should be able to return the leased vehicle to any dealership of the same brand. If you've moved or the dealership is no longer in business, you'll obviously have to choose another one. Call the used-car manager to set up an appointment for the lease return.

Can I change my lease to a purchase?

The same is true for car leasing. However, unlike most apartments, when a car lease is up, you can't sign for more time you can either turn the vehicle in or buy it. Buying your leased car is called a buyout. It can be done by paying cash or by obtaining a loan the way you would for any car purchase.

Can you turn a leased car in early?

If your leasing company offers the option, ending your car lease early means you're released from making remaining payments on your current leased vehicle. But it also means that you have to turn in the car and pay the balance due, including any costs, fees and penalties associated with early termination.

How can I get out of my lease without paying early?

Understand the potential penalties. The landlord tenant laws that allow you to break a lease are different from state to state. Check your lease. Talk to your landlord about breaking a lease. Offer to help find a new tenant. Consider subletting to avoid breaking a lease.

Can you get out of a car lease within 30 days?

Under most lease agreements, you are financially responsible for all remaining payments as well as early return penalties. You may decide to return the leased vehicle early and roll the remaining payments into a new vehicle. This will allow you to forfeit the old lease without financial penalties.

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