Sometimes unexpected things happen in life. If you find yourself in a lease and need to get out of it, don’t worry. There are a variety of ways to get out of your lease without taking too much of a financial hit. You could even break even, or turn a profit if you play your cards right.

One of the lease productive options is to return your vehicle before the lease contract expires. If you really need to get rid of the care ASAP then that might be your best option. But be prepared to be on the hook for the remaining payments plus penalties for early termination. The only good thing will be not having to worry about wear, tear, and mileage penalties once the car is returned. 

Here are three of the best ways to get out of your lease:

Lease Swap

Similar to renting a property you own or subletting your apartment, you may be able to have someone take over your lease. Most likely you will have to find the person on your own. Once you have someone to take over the lease, set up a meeting with your dealership and chances are you will be able to transfer ownership. However, a lot depends on your dealership. 

Review The Contract

Every dealership is different. They use different financing companies and have different rules for their lease agreements. Specifically, Kia and Hyundai do not allow lease transfers, and most others restrict transfers within the first 12 months.

Even if you do successfully transfer the lease to someone else, you may still be on the hook in regards to liability. Dealerships like Volkswagen and Audi will hold you responsible for payments if the new driver stops making payments. Make sure you review the contract to see if a clause like this exists.’

The new lessee will also be subject to the same credit checks as you were when you first signed your lease. Their credit can prevent you from making the transfer. Also, be prepared for a fee of up to $500. This is a relatively small price to pay in exchange from being free from a lease agreement. 

How To Find A New Lease

Finding a new lease is so common that companies have developed to aid people in the process. Companies like Swapalease and Leasetrader are the main players in the industry. 

“We’re like a dating service for car leases,” Hall says. “Our primary goal is to match up a person who wants out with a person who wants to take over.”

These services are great for people looking to get out of their lease and don’t necessarily have anybody they know who is willing to take over. You can also use general services like Craigslist to find people but sticking to professional services is our advice.

Buy the car and then sell it

Buying your lease then selling it is another viable option for getting out of your lease. In most cases, you can initiate a buyout on your lease no matter where you are on your lease. The dealership will make a determination on the value of the car and you may have to pay an early buyout penalty.

There is a chance with this option that you may be able to break even or even make a profit. Once you make the buyout, you can make some modifications to the car, get it detailed, and sell it for a premium price. Obviously, though, this will take some skill and time to accomplish.

Do your own research before committing to a buyout price offered by your dealer. Make sure to consult Kelley Blue Book to get an idea of the value of your car. You may have an opportunity to negotiate your price if they get the value of the lease wrong.

After you buy out the lease contract, you can sell the car in one of two ways:


Taking your car to another dealership is a unique way to sell your car. If they have an interest in your car, they will make a deal with you to buy, they will even buy you out of your leasing contract. In these transactions, sales tax don’t apply. However, a dealership is likely to give you a wholesale price instead of the sticker price, so expect a loss.


You can also sell your vehicle to a private buyer through websites such as Craigslist or Autotrader. But you might have to pay sales tax. Ask your local department of motor vehicles about your state’s rules.

Trade-in your vehicle for another vehicle

This option is more geared towards those who really dislike their lease. Maybe they don’t like how it drives, its mpg, or its general comfort. In this case, you can usually trade in your lease for another vehicle. Keep in mind, this will still be considered an early exit and you will be charged accordingly.

Your only option is to get back to the dealer and choose another car from them. In no circumstances will you be allowed to transfer leases across dealerships. 

Your decision

A lot of factors need to be considered before ending your lease. It can be a difficult and costly decision. Don’t break your lease if you are simply bored with your lease and would like a new one, make sure you’re doing it for the right reasons.

Even though this may be a stressful process, there are many outlets to help you through the process. If you would like to reach out to us at, do not hesitate.