For many people, financing a vehicle is the better option compared to buying. It’s generally less expensive and offers a lot of flexibility. But, if you had to, could you get out of a lease early? The answer is yes, and our Land Rover finance department is going over the options you have.
Buy the Vehicle
The first thing to do is to find out what kind of interest rate you could get on a loan. This may be more favorable than what you’re paying right now, which would help you cut your costs.
Sell the Vehicle
When you buy the car, it may make the most sense to then sell it. Older cars have immense value right now, and an individual buyer – or even a dealership – may be willing to give you top dollar for it.
Transfer the Lease
If you know someone who would be willing to take the lease off your hands, this could be a good move. There are a couple of things to consider, however. In addition to a transfer fee, your name will remain on the lease. This means that you’d be on the hook if this person missed any payments.
Pay the Fee
As a last resort, you could just pay the early termination fee for your lease. But because this can be hefty, it is important to first look at those other options.
Get Advice About Your Lease at Land Rover Jacksonville
If you have a lease you want to get out of, get in touch with Land Rover Jacksonville. We will give you more details on your choices and help you make a smart decision.