I was wondering if anyone here has ever gotten out of a 4 year lease early to get a new car? If so, did you take a big hit on it and have to pay a penalty? I am wanting to do this to get a 2002 L but unfortunately I am stuck halfway through a 4 yr lease (I hate being young and impulsive!) Thanks for the info, sorry to pry but I was just wondering.

 

Lemmie guess, you want the blue

 

Stick it out, they'll make all their money anyway, and cram it into a shorter period of time. it won't be worth it when you see the math

 

You should call your leasing company.

Most leases have a penalty for turning a vehicle in or buying it out - I had one a while back for business purposes and the penalty was around $500 plus the "residual" value of the vehicle. This cost can be negotiated with the leasing company.

Find out what your buyout cost is plus the penalty, then decide if it's worth getting out of. Probably won't be.

If the buyout isn't terribly high, you might want to try to sell it for that cost or get a dealer to take it off your hands.

Good luck!

P.S. Don't get a lease again.