Usually, a car lease only ends when the term is over, but there are ways to get out of it earlier. From lease termination fees to rolling your payments into a new Nissan lease, our finance team at Barberino Nissan can help you understand all your options.
Paying the Lease Termination Fee
Your lease documentation may explain to you how to get out of your lease early by paying a lease termination fee. This fee usually is determined by the difference between the balance on the lease and the value of the vehicle, making it more expensive to cancel your lease early and cheaper to cancel it late in the lease. Depending on how long you have left in your lease, it may make more financial sense to finish the lease.
Other Methods
Paying the termination fee is not the only way to get out of a car lease. Depending on your terms, you may be able to roll over current lease payments into your next lease. You may also be able to transfer your lease to another interested party, allowing them to pay for and make use of the remaining time in your term. However, the most straightforward option is to exercise the buyout clause you may have on your lease deal to buy the vehicle outright, then sell it to recover the cost.
Explore Nissan Leases at Barberino Nissan
Whether you’re interested in getting out of your lease or are preparing to start a new one, we can help at Barberino Nissan. Explore our selection of new Nissan vehicles, and when you’ve found your next perfect car, talk to our finance team to learn more about applying for or altering your lease today!
Connect with us
