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Terminate Your Lease Albuquerque NM

You have a number of possible options for getting out of your lease, some of which will be better for you than the others. You're looking for the option that will save you the most money and trouble, and protect your credit rating.

Enterprise Auto Rental
(505) 266-6616
833 Lomas Boulevard Ne
Albuquerque, NM
 
Hertz - Albuquerque International Airport
(505) 842-4235
3400 University Southeast
Albuquerque, NM
Hours
0500-0100 7 Days
Special Services
Child Seats, Gold Canopy , Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles
Additional Information
After Hours - After hour returns are allowed.

Enterprise Auto Rental
(505) 248-9933
502 Clark-Carr Loop Se
Albuquerque, NM
 
Enterprise Rent-A-Car
(505) 764-9173
1200 Lomas Blvd Ne
Albuquerque, NM

Data Provided by:
Enterprise Auto Rental
(505) 764-9173
200 Lomas Blvd Ne
Albuquerque, NM
 
Hertz - Atlantic Aviation
(505) 842-4235
2505 Clark Carr Loop S.E.
Albuquerque, NM
Hours
0500-0100 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
This location is for Private Flights only.

Hertz - Cutter Aviation FBO
(505) 243-7011
2502 Clark Car Loop Southeast
Albuquerque, NM
Hours
0700-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - After hour reservations are allowed. Please call the Albuquerque International Airport location, 3400 University S. E. upon arrival to for pickup or delivery service - 505-842-4235.

Budget Rent A Car
(505) 344-7196
3501 Pan American Fwy Ne
Albuquerque, NM

Data Provided by:
Enterprise Auto Rental
(505) 248-9868
01 3Rd St Nw Ste P
Albuquerque, NM
 
Enterprise Auto Rental
(505) 343-1778
522 2Nd St Nw
Albuquerque, NM
 
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Terminate Your Lease

There seems to be a common misconception that, to get out of a lease, one simply returns the car, pays some kind of penalty fee, and it's all over. Not true. This is not the way it works, unfortunately. The actual cost of early lease termination can be thousands of dollars, depending on how much of the lease remains.

Actually, you have a number of possible options for getting out of your lease, some of which will be better for you than the others. You're looking for the option that will save you the most money and trouble, and protect your credit rating.

Lease transfer is the best way
One your best options may be to transfer your lease to someone would like to pick it up and take it off your hands — a lease assumption. There are significant advantages for this method. It is low cost (no penalties, no payoffs, but transfer fees), it is relatively easy, and it does not affect your credit score.

There's a whole set of potential buyers out there who are looking for short-term leases without going through dealers and the associated extra costs.

However, to get our of your lease using this method, you need to follow the correct process and check to see if your lease company allows it. You can't simply let someone take over your lease without the lease company's knowledge and involvement. The new "lessee" must get approved and sign new lease papers.

The good news is that help is available, online, on the Internet from services...

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