The term, car lease termination generally refers to the concept ending a lease before its normal contract end date. Since most leases are designed to completed according to the date specified in the lease agreement, ending a lease early can often be troublesome and expensive. Of course, the details of a specific lease situation will determine to what extent this is true.

Early termination can often be accomplished through a third-party lease assumption, made popular by Swapalease, a company that assists with the process. An auto lease can often be transferred from the original lessee to another party, thereby avoiding the high cost of early lease termination. The other party assumes responsibility for continuing to make monthly payments, although many car lease companies still hold the original lessee responsible if the new lessee fails to make payments. Some car lease companies do not allow lease transfers.

If a lease transfer doesn't work out in a specific situation, other options will have to be considered. These other options are detailed in the Lease Termination Guide, which is part of our optional Lease Kit.

For more information, see: The Lease Guide

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