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Terminate Your Lease Arkadelphia AR

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.

Penske Truck Rental
(479) 649-8513
23 N 11th St
Fort Smith, AR
 
Hertz - Little Rock National Airport
(501) 375-7307
3403 East Roosevelt Road
Little Rock, AR
Hours
Mo-Fr 0600-0030
Sa 0700-2300
Su 0700-0030
Special Services
Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park car in Hertz area, place keys and rental record in drop box located at the counter. Bus - Approximately 3 1/2 miles from the bus station. Railroad - Approximately 5 miles from the train station.

Enterprise Rent A Car
(870) 972-0505
2800 S Caraway Rd
Jonesboro, AR
 
Hertz - Super Marine Of Little Rock
(501) 375-7307
2201 Bond Avenue
Little Rock, AR
Hours
Mo-Fr 0600-0030
Sa 0600-2300
Su 0600-0030
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service

Enterprise Auto Rental
(501) 982-2001
526 West Main Street
Jacksonville, AR
 
Enterprise Auto Rental
(501) 562-6623
523 South University
Little, Rock, AR
 
Enterprise Rent A Car
(479) 872-2217
702 S Thompson St Ste B
Springdale, AR
 
Auto Rental of Jonesboro
(870) 932-0221
3901 Lindbergh Dr
Jonesboro, AR
 
National Car Rental
(479) 478-0376
6700 Mckennon Blvd
Fort Smith, AR
 
Enterprise Auto Rental
(501) 227-7368
1301 West Markham
Little, Rock, AR
 

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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