Breaking a car lease is a common scenario with multiple paths. If you’re considering terminating your lease early, learn about what to expect. Then, reach out to the Pfaff Leasing dealership you leased your car through for assistance. We have locations in Toronto, Vancouver, and Calgary and are on standby to guide you through the process. But first, read our handy guide on what to expect.
Yes, you can get out of a car lease early, but the first thing to know is that if you break your lease 30 or more days before the lease expires, you’ll have to pay an early termination fee. To get a sense of what kind of fee to expect, take a moment to review these factors that dealerships consider when calculating your termination fee:
Though it’s possible, breaking your lease early isn’t always the most cost-effective solution. Here are a few more things to note about breaking your lease early:
There are many sites designed to connect those of you looking to break your lease early with potential subletters. In this case, you can transfer your lease to another lessee, in which case, you won’t be on the line for nearly as many fees.
If you’re considering breaking your lease early, you can discuss your options in much greater detail with our financiers. Simply call us at 289-236-0357 for assistance. While you’re on our site, however, take a moment to learn more about the services we provide!