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Terminate Your Lease Eagle ID

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
(208) 321-7936
213 W Fairview Ave
Boise, ID
 
U-Haul Company
(208) 893-5180
2490 W Franklin Rd
Meridian, ID
 
Enterprise Rent A Car
(208) 888-3559
613 S Meridian Rd
Meridian, ID
 
Enterprise Auto Rental
(208) 336-8777
608 Fairview Ave
Boise, ID
 
Enterprise Auto Rental
(208) 672-0585
33 Auto Dr
Boise, ID
 
U-Haul Company
(208) 846-9482
2055 S Locust Grove Rd
Meridian, ID
 
Penske Truck Rental
(208) 938-0846
943 W Overland Rd
Meridian, ID
 
Dan Wiebold Ford
(866) 854-3061
5707 East Gate Blvd
Nampa, ID
 
Enterprise Rent-A-Car
(208) 672-0585
222 Auto Dr
Boise, ID

Data Provided by:
Champion Motors
(208) 461-1444
705 N Franklin Blvd
Nampa, ID
 
Data Provided by:

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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