Exit my Lease

Is it possible to exit my lease contract early?

It is possible to terminate any lease prior to the scheduled end date, however there are normally significant financial implications to the lessee when doing so. Each leasing company has their own policies, but most will charge some form of early termination penalty. It is not unusual for these charges to be in excess of several thousand dollars. However there is a cheaper way to do it by transferring your lease to someone else.  This is why Tradealease can be such a valuable service.

How do lease transfers work?

The basic lease transfer process is the same for all leasing companies. The individual wishing to assume the lease submits a credit application to the leasing company. The leasing company will make a decision on the credit worthiness of the applicant. If approved, lease transfer documents are prepared and signed by the original and assuming lessees. The transfer is complete when the signed documents are returned to the leasing company and processed. There are variations in the fees and details for each leasing company. The Tradealease lease transfer team is on board to assist with these variations and details as you navigate through the transfer process.