AcharyaCenter.com - Browse eBooks, Audios and Videos

How to get out of a lease before your contract expires

0 like 0 dislike
237 views
posted by HuggingDuck

When your lease is up, you can simply turn in the keys and lease another
car or buy a new one. But how about getting out before the lease ends? 
Maybe you can’t afford the sky-high payments on that silky Jaguar JX V6 
model anymore or you’ve just had a baby and you need a larger and more 
spacious vehicle? 


Unfortunately getting out of a lease is not as easy as getting in! A 
leasing contract is difficult and expensive to terminate early. Simply 
turning in the keys and walking away from a lease can result in stiff 
penalties. You credit could be ruined and you could even get sued for 
breach of contract. 

It’s not all doom and gloom though. Actually, there is a number of 
options available to you.
You can sell the car yourself and pay off the bank. This can be cost 
effective if the market value of the car is close to the buy-out number. 
Do not hesitate to exercise this option even at a loss if it happens to be
lower than the termination fee. 


Your best option, though, is to transfer your lease for someone who would 
“assume it” and take it off your hands. There is a whole set of potential 
buyers looking for short-term leases without all the hassle and extra 
costs. Check with family and friends or use the services of lease-
assumption websites, like swapalease.com, to list your car. Make sure you 
check the credit worthiness of the new lessee and provide the car in good 
condition. 

Please log in or register to reply to this post.

Related posts

0 like 0 dislike
1 Comment 254 views
How to Avoid Car Financing Pitfalls?

How to Avoid Car Financing Pitfalls?

posted in Finance by Wallaby
0 like 0 dislike
0 comments 223 views
5 Practical Ways To Check A Used Car

Since its inception, the market of used cars has suddenly escalated at an unprecedented rate for the past few years. In fact, ... your purchase. Doing so will guarantee a happy car buying experience.

image
posted in Travel by AfternoonFay
0 like 0 dislike
0 comments 1,203 views
6 Things to do if involved in a Motorcycle Accident

Motorcycle accidents have a reputation for being some of the deadliest. Motorcycles offer little protection to riders in the event ... Contact a motorcycle accident injury lawyer as soon as possible.

posted in Business by MysteryWasp
0 like 0 dislike
0 comments 2,881 views
0 like 0 dislike
0 comments 719 views
What to know about renting furniture?

There are many businesses out there which rent furniture by the month. You need a couch? Rent one for only $40 per month. Need a lamp ... get in over your head. It beats sleeping on the floor any day!

image
posted in Family by CheeryGrin
0 like 0 dislike
0 comments 10,956 views
Equipment Leasing Agreement

Equipment Leasing Agreement Chambers agrees to furnish and Customer agrees to hire ... Corporation By:_________________ By________________Date_____ Title_______________ Title_________Branch_______

posted in Business Templates by List
0 like 0 dislike
0 comments 150 views
Apartment Selection Tips

When you decide to move, apartment selection can be a difficult task. Just how does one go about it properly? There are critical points ... site has to offer you in the way of services and amenities.

image
posted in Family by Knighthawk
0 like 0 dislike
0 comments 216 views
Auto Insurance and Leasing

When leasing a car, it's easier to stick with the same company for your auto insurance. What you don't know, ... for discounts that you already qualify for and adjust your coverage accordingly.

posted in Auto Care by VirtualAssassin
0 like 0 dislike
0 comments 217 views
Luxury Cars and Resale Values

When it comes to ultra-luxury, high-end vehicle leasing, there is no doubt that the best deals are those cars that ... incentives. These are perceived as questionable in quality and reliability.

posted in Auto Care by Camella
0 like 0 dislike
0 comments 2,624 views
0 like 0 dislike
0 comments 2,422 views
0 like 0 dislike
0 comments 1,871 views
0 like 0 dislike
0 comments 749 views
0 like 0 dislike
0 comments 203 views
3-Step Formula to Get Out Of Debt

1-Make List of Your Debts First of all know how much deep you are in credit card debt. Many credit card holders are shocked ... will create a snow-ball effect towards your credit card debt payments.

posted in Finance by Falconjurer
0 like 0 dislike
0 comments 762 views
5 Fun & Easy Ways To Get Out Of The Rut

I don't know about you, but sometimes I feel less than great. Low, grouchy, fed-up, and bored are all words you could use to describe ... well, just hold on to your hat and keys. Rut? What rut?""

posted in Health by Sassassin
0 like 0 dislike
0 comments 199 views
How To Transport Your New Kayak? Get A Car Rack

Right after you buy a kayak, you'll find you also need to buy a car rack to carry it. There are three types of car racks to choose ... So just choose one, put it on and hit the road and the water!

image
posted in Travel by GiftedWrecker
0 like 0 dislike
0 comments 275 views
How to organize your house before leaving for vacation?

Whether you are leaving on a long-awaited vacation, an extended business trip or a weekend getaway, preparing to head out of ... can minimize pretravel stress and help make your return home sweet.

image
posted in Travel by HarmlessRose
0 like 0 dislike
0 comments 646 views
0 like 0 dislike
0 comments 1,554 views
0 like 0 dislike
0 comments 1,518 views
How to pick out your dream paint?

Moving into a new house can be quite an experience. You are totally in a new zone, surrounded by new ceilings and floors near ... one article. Visit our site to learn all about house paint today.

posted in Arts by BunBunny
0 like 0 dislike
0 comments 708 views
0 like 0 dislike
0 comments 412 views
0 like 0 dislike
0 comments 1,464 views
0 like 0 dislike
0 comments 184 views
How To Get Rid Of Memory Obstacles?

Let's say you have a passion for salads in different varieties. Because of this, you developed the skill of preparing them by ... is probably the reason why our mouth is bigger than our nostrils.

posted in Health by HarshThunder
0 like 0 dislike
0 comments 2,776 views
0 like 0 dislike
0 comments 2,773 views
0 like 0 dislike
0 comments 2,617 views
0 like 0 dislike
0 comments 1,806 views
0 like 0 dislike
1 Comment 829 views
how to get a job in film special effects ?

Getting Your Dream Job in Film Special Effects? what can you tell me?

posted in Business by Knighthawk
0 like 0 dislike
0 comments 393 views
0 like 0 dislike
0 comments 14,430 views
Mutual Cancellation of Lease Form

MUTUAL CANCELLATION OF LEASE FOR GOOD CONSIDERATION, _ [Lessee], and _ [Lessor], under a certain lease agreement between the parties ... representatives. Signed under seal this _ day of _, 20_.

posted in Business Templates by List
0 like 0 dislike
0 comments 14,032 views
Letter of Understanding Regarding Terms of Proposed Contract

Letter of Understanding Regarding Terms of Proposed Contract Dear This will confirm that which we discussed during our telephone conversation ... a toast to our mutual success in the [project]

posted in Business Templates by List

Share Tips and Guides

Add text, links, images, videos and documents

Submit Post

Connect with us:
...