How do you get out of a contract leasing a car?

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readerofbooks | College Teacher | (Level 2) Educator Emeritus

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This is is a good question. I will warn you that it is not easy getting out of a lease. It is not like buying and car and then selling it, which you can do anytime you want. 

There are a few options open to you. 

First, you can pay the remaining balance and walk away. This is probably not the best option, because you may be out a lot of money. 

Second, you can opt to buy the car, which is not something that you may want to do as well. 

Third, you can transfer the lease to another person who might want the car. This is the most economical way. In fact, I have done in the in the past. Apart from the paper work, it is a straightforward process, as long as you can find a person who wants to take over your lease. 

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