Can You Turn in a Lease Early?

Hands Holding Car and Money

 

So you’ve got a leased car but for whatever reason, you want to end your lease early in Cleveland. Can you turn in a lease early? The answer is yes, but there are some things you’ll want to know before you proceed. There are several options you can take, but some might cost more than others, so you want to know the facts. Turning in a lease early is a topic we’re very knowledgeable about at Metro Toyota and we want you to be fully informed, so keep it here! And don’t forget, we can finance your next Toyota too!

Option 1: Lease Transfer

The answer to “can I turn in a lease early?” takes several forms. The most painless option for Parma drivers is to transfer your lease to another person. You and that other person come to Metro Toyota, you sign some paperwork, and the other person takes on the responsibilities of the lease, leaving you free and clear without too onerous an expense. This is by far the best option for those who don’t want to spend a lot of extra money, but if you can’t find another person to sign down on the lease with you, you do have some options to work with. 

Option 2: Early Buyout

Turning in a leased car early for another lease is one option you can take, but you can also opt for an early buyout. This involves you filling out some paperwork as you head over to Metro Toyota from Brunswick and owning the vehicle outright. This will involve you paying off your remaining lease payments and any gap in the equity on the car, so if your car has significantly depreciated in value, you might be paying quite a bit to get that new Toyota.

Option 3: Changing Leases

Turning in a leased car early for another lease is the third option you can take. Changing leases involves you ending your lease early with Metro Toyota. You will still have to pay off the remaining balance on the lease plus any associated taxes and fees, but we can take care of that for you.

Metro Toyota: Your Lease Experts

Ready to get that lease changed? Or maybe it’s time to finance. Whatever you need taken care of, Metro Toyota is ready to help. We’ve got the sales and finance experts who can help you along through the process. Contact us today to learn more!

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