If you’re considering returning your leased car early there are a few things you need to know. First you may be charged an early termination fee. Second you may have to pay any outstanding payments and fees owed on the car. And third your credit score could be impacted.
If you’re thinking about returning your leased car early the best thing to do is talk to your leasing company. They’ll be able to tell you what fees and charges you may be responsible for. And they can help you figure out the best way to return the car so that you don’t damage your credit score.
When you lease a car you’re basically renting it from the dealership or leasing company. And like with any rental there are rules and regulations that you’re expected to follow. One of those rules is that you typically have to keep the car for the entire length of the lease.
If you return the car early you may be charged an early termination fee. This fee can range from a few hundred dollars to a few thousand dollars. The exact amount will depend on your lease agreement. So be sure to read over your agreement carefully before you make a decision.
In addition to an early termination fee you may also have to pay any outstanding payments and fees owed on the car. This includes things like your monthly lease payments any taxes or fees associated with the car and any damage fees. Once again these will all be outlined in your lease agreement.
Finally returning your leased car early could impact your credit score. Whenever you make a major financial decision your credit score is affected. So if you’re planning on returning your leased car early it’s important to talk to your leasing company and figure out the best way to do it so that your credit score isn’t impacted too much.
If you’re considering returning your leased car early the best thing to do is talk to your leasing company. They’ll be able to tell you what fees and charges you may be responsible for. And they can help you figure out the best way to return the car so that you don’t damage your credit score.
Can you return a leased car early?
Yes you can return a leased car early but there may be fees associated with doing so.
What are the fees associated with returning a leased car early?
The fees associated with returning a leased car early will depend on your lease agreement.
How much will the fees be if I return my leased car early?
Again the fees associated with returning a leased car early will depend on your lease agreement.
I want to return my leased car early.
What do I need to do?
You will need to contact your leasing company to discuss your options and to find out what fees may be associated with returning your leased car early.
I’m returning my leased car early.
When is my last payment due?
Your last payment on your leased car will be due at the time you turn in the car.
I’m returning my leased car early.
When do I need to turn in the car?
You will need to turn in the car on the date specified in your lease agreement.
I’m returning my leased car early.
Where do I need to turn in the car?
You will need to turn in the car to the leasing company.
I’m returning my leased car early.
What paperwork do I need to turn in with the car?
You will need to turn in your car key and lease agreement when you return the car.
I’m returning my leased car early.
Do I need to clean the car?
You should clean the car before returning it but it is not required.
I’m returning my leased car early.
Will I get a refund on my security deposit?
You may be eligible for a refund on your security deposit if you return your leased car early.
I’m returning my leased car early.
Will I get a refund on my last month’s payment?
You will not get a refund on your last month’s payment if you return your leased car early.
I’m returning my leased car early.
Will I owe any money?
You may owe money if you return your leased car early depending on your lease agreement.
I’m returning my leased car early.
What will happen to my credit?
Returning your leased car early should not have an impact on your credit.
I’m returning my leased car early.
What will happen to my insurance?
You will need to cancel your insurance on the car once you return it.
I’m returning my leased car early.
What else do I need to do?
You will need to notify the DMV that you have returned your leased car.
