Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Car Leasing and other Auto Loans topics.

Is there a penalty if I terminate my lease early?

Early Termination Penalties

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).

Comments

Nobody has commented on this tip yet. Be the first.

Ask a Question

Not finding the advice and tips you need on this Auto Loans Tip Site? Request a Tip Now!

Guru Spotlight

Sherril Steele-Carlin

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!