Can I Get out of My Car Lease?

May 19th, 2022 by

Alfa Romeo lease

If you sign an Alfa Romeo lease and need to get out of it early, can you? At Zeigler Alfa Romeo, we’ve helped plenty of drivers with their lease problems and questions, and we can help you with this. You just need to know the three ways to get out of a lease agreement.

Cancel Your Lease Agreement

The first option is to cancel your agreement outright. Your lease agreement, by law, has to offer you the option to do that. However, it may not be that simple to get out of your lease.

There are costs and fees that you’ll have to deal with, but your leasing company is at least required to be transparent about them. You can call up your leasing company right now and get told exactly how much you’ll need to pay to back out of your lease.

Transfer Your Lease

In some cases, you may be able to transfer your Alfa Romeo lease to another driver. Keep in mind though, you cannot give your lease to just anyone. The new driver on your lease would have to meet the same credit standards that you did. If the leasing company doesn’t think that they would be a good fit for your lease and its terms, the new driver you pick could be rejected.

Buy Out Your Lease

You can also choose to buy the vehicle you’ve been leasing. Depending on how long you’ve had your lease, this deal can end up being a lot better than simply canceling. If you like the car and can still use it, keep it. If life circumstances mean that you no longer need the vehicle, your leased car is now yours so you can sell it or give it to someone else who can use it.

If you’re looking for a new car lease, visit our Alfa Romeo dealership serving Chicago, IL. Our knowledgeable dealers can answer all of your questions about leasing and financing!

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