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Terminate Your Lease Iowa City IA

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.

Budget Truck Rental
(319) 354-4784
1640 Highway 1 W Ste 1
Iowa City, IA
 
Penske Truck Rental
(319) 358-9472
1820 Boyrum St
Iowa City, IA
 
Budget Truck & Car Rental
(319) 351-4529
1640 Hwy 1 W
Iowa City, IA
 
Enterprise Rent A Car
(319) 358-7000
9 Highway 1 W
Iowa City, IA
 
Linder Tire Service Inc
(319) 337-4163
632 S Riverside Dr
Iowa City, IA
 
U-Haul Company
(319) 339-9151
3309 Highway 1 SW
Iowa City, IA
 
U-Haul Company
(319) 339-4977
1841 S Gilbert St
Iowa City, IA
 
Hertz - Jet Air FBO
(319) 337-6615
1801 South Riverside Drive
Iowa City, IA
Hours
Mo 0700-1800
Tu-Fr 0730-1800
Sa 0900-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Gold Counter Service
Additional Information
This location is for Private Flights only. After Hours - After hour returns are allowed. Park in the Hertz designated parking area. Leave keys and contract in the drop box located by the Hertz door.

Hertz Corp
(319) 337-6615
1801 S Riverside Dr
Iowa City, IA
 
Hertz - 1801 South Riverside Drive HLE
(319) 337-6615
1801 South Riverside Drive
Iowa City, IA
Hours
Mo 0700-1800
Tu-Fr 0730-1800
Sa 0900-1200
Su Closed
Special Services
Child Seats, Hand Controls for Disabled Drivers Only , Replacement Rentals When your car is in the shop for repairs.Insurance/Body Shop and Dealership/Service Center replacement rentals available at this location.for replacement rental reservations., Gold Counter Service , Pickup/Return Service:Available with a one hour advance notice and within 15 minutes from the Hertz Local Edition location. Contact the location to arrange for Pick Up service.
Additional Information
Located at the Iowa City Municipal Airport. Bus - Approximately 1.5 miles from the bus station. Cab fare will be reimbursed up to $10.00 with receipt. Pick up time must be at least one hour after location opening and one hour prior to location closing.

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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