You’ve had your car for a few years, and now you are approaching the end of your lease agreement. What are your next steps? There are a few things to consider when approaching the end of your lease agreement, and it’s important that you consider these things thoroughly, and in plenty of time for your lease contract to end.
You can hand your lease car back and terminate your lease contract at any time. However, like with any financial contract, there will be a penalty for doing so. The penalty for terminating your lease contract early will depend on a number of factors. Primarily it will depend on how long is left on the lease contract. In this article, we'll take you through the process for each lease type and what financial penalties you could expect to pay.
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