June 22, 2007, Newsletter Issue #32: Early Termination Penalties

Tip of the Week

Before you sign on the dotted line, make sure you understand the penalties clause in your car lease for early termination. Many consumers are so excited to get a new car that they gloss over the penalty section. Unfortunately, circumstances change and for whatever reason you may need to terminate your lease early.

If you are considering a new car lease, visit Leaseguide.com. It contains a wealth of resources to help educate consumers and prevent lease headaches down the line. There is specific information on how to terminate a lease early (hopefully without losing your shirt).

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