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Terminate Your Lease Portland ME

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.

Hertz - Portland International Jetport
(207) 774-6391
1049 Westbrook Street
Portland, ME
Hours
0600-0100 7 Days.
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. In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
Also known as the Portland-Westbrook Municipal Airport. Private flight arrivals please use the Northeast Air FBO location. After Hours - After hour returns are allowed. Park vehicle in Hertz area. Place keys and rental record in the drop box located at the Hertz counter. Railroad - The Amtrak station is Downeaster Passenger Rail Service, 100 Sewell Street. Cab fare will be reimbursed up to $10.00 with receipt. Bus - Approximately 2 miles from the Greyhound and Trailways stations. Cab fare wil

Enterprise Rent-A-Car
(207) 615-0030
1001 Westbrook St
Portland, ME

Data Provided by:
Enterprise Rent-A-Car
(207) 284-2004
869 Portland Rd
Saco, ME

Data Provided by:
Hertz - Bangor International Airport
(207) 942-5519
299 Godfrey Blvd
Bangor, ME
Hours
Su-Fr 0800-2300, Sa 0900-1700
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. In-Car Navigation System , Ski Equipped Vehicles, Gold Counter Service
Additional Information
After Hours - After hour returns are allowed. Park the vehicle in the Hertz area. Place the keys and rental agreement in the drop box, located at the Hertz counter. Bus - Approximately 4 miles from the Greyhound station. Cab fare will be reimbursed up to $2.00 with receipt.

Budget Car Rental
(503) 288-2985
2323 NE Columbia Blvd
Portland, ME
 
Hertz - Northeast Air FBO
(207) 774-6391
987 Westbrook Street
Portland, ME
Hours
0600-2200 7 Days
Special Services
Child Seats, Hand Controls for Disabled Drivers Only In-Car Navigation System , Ski Equipped Vehicles
Additional Information
This location is for Private Flights only.

Hertz - 202 Warren Avenue HLE
(207) 797-7156
202 Warren Avenue
Portland, ME
Hours
Mo-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. In-Car Navigation System , 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
After Hours - After hour returns are allowed. Place completed rental agreement and keys in the drop box located on the wall.

Thrifty Car RentaL
(503) 251-6371
10835 NE Holman St
Portland, ME
 
Enterprise Rent-A-Car
(207) 284-2004
869 Portland Rd
Saco, ME

Data Provided by:
Penske Truck Rental
(503) 283-2586
1 NE Columbia Blvd
Portland, ME
 
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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