Can I Break My Chevy Lease?

There are many reasons to consider a Chevy lease when the time comes for a new vehicle. Leasing gives you access to the new models on the market, and you can see big savings on the down payment and monthly payments. Kearny Mesa Chevrolet is here to help at every stage of the leasing process, including what to do if you want to end your lease early.

Can I End My Lease Early?

If a leased vehicle isn’t working out for you, you can break the lease early. You want to make sure this is absolutely the right option, however, as breaking a lease can result in significant termination fees. Typically, these fees calculate to the residual value, or the difference between what you owe and what the vehicle’s value would be at the end of the lease.

When signing a lease on a new model, take time to carefully consider term length. Most vehicle leases are two to five years long. It’s much better for drivers to take out a short lease and extend it than to be stuck in a lease contract with a vehicle they just don’t like.

What Are My Other Early Lease Termination Options?

The good news is that you do have a few other options if you’re looking to get out of your lease early. You can transfer the lease to a friend or family member, in which case they take over the payments and responsibility, and you can move on to the next model.

You may also want to consider buying out the lease. If you buy out the lease, you can sell the vehicle, rather than being responsible for termination fee costs that you won’t see back.

Consider Chevy Lease Support in San Diego, CA

No matter what your lease or Chevy financing needs may be, Kearny Mesa Chevrolet is the dealership for you. We work hard to match drivers with the right vehicle at the right price, and to find you solutions to car ownership complications. Learn more about your lease options at our dealership.