For many drivers near Danvers, MA, leasing an Acura is preferable to buying one outright. This is due to the fact that leasing offers lower monthly payments, less commitment, and allows you to drive the newest Acura vehicles when they hit the market. One of the most common questions that we receive about an Acura MDX lease is, can I return the leased car early? Our Acura finance experts have the answer.
How to Get Out of a Car Lease
There are three options to get out of a car lease, whether you’re leasing an Acura MDX, an Acura RDX, or different Acura car.
Some leasing companies will offer the option of ending your lease early via termination. This means that you are released from making remaining payments on your current leased vehicle. However, the downside of this option is that you still will need to pay the balance due, including any costs, fees, and penalties associated with the early termination. There is often an early termination fee on top of that.
Transferring your lease to a new lessee is a more affordable way to get out of a car lease. You will just have to make sure that this option is permitted in your lease contract and that the party you’re transferring the lease to meets your lender’s credit requirements.
While this option doesn’t involve returning your leased vehicle, it is technically a way to get out of a lease. Sometimes buying a lease early and purchasing your vehicle outright is your best option. After this, you can do what you like with the vehicle.
Talk to an Acura finance expert at our dealership to determine how to return your leased vehicle early.