How do I get out of a lease early?

,

Hi all!

I’m 16 months in to a 36 month lease. My life has changed and I need a different vehicle, SUV to Truck.

Is it possible to end a lease early without a lot of cash up front? The dealer said any vehicle I purchased from them would have to have the remaining costs of the lease about 15K added to the new vehicle cost.

I would like just to give the vehicle back to them and start over but I don’t know what my options are if any.

Thank you!

What car is it?

If an EV, maybe swap a lease. Provide make / model details and which bank do you make payments

If you want more specific suggestions, you will need to provide more details of the current vehicle and lease terms.

There are a ton of threads here dealing with negative equity and that would be a good start to read some of them.

Are you in a position to put cash into the next vehicle? Rolling negative is a bad habit.

It’s a 2024 BMW iX, I do have some cash to put down if needed.
BMW holds the lease.

BMW allows lease transfers.

Your options are to transfer your lease or sell it and potentially have some negative equity from the buyout that you will need to pay or roll into your new car loan.

2 Likes

You most likely will be very underwater on the iX…can’t you just get by with it until lease is done? Maybe rent a truck from Home Depot or something when you absolutely need it?

Trying to transfer the lease to someone else is probably your best option here. Highly unlikely there will be any equity or even a palatable amount of negative equity to absorb if you trade the vehicle in or sell outright. What are the payments? How many miles are remaining on the lease?

You will get much better information if you give more details like

lease term
miles per month remaining
MSRP
payment
anything else relevant

Like others already said, your best bet will be to try to transfer out of it. You may need to offer an incentive depending on the terms, maybe not, but no one can tell you without the details.

its going to be a significant amount of negative equity, post it up on lease transfers / swap a lease and offer incentive to make it more aggressive than any of the offers on a 2025

1 Like

As others mentioned, your best bet is most likely a private lease transfer.

I remember that at one point in 2024 the iXs were leasing pretty well… Depending on the term of your lease, you can get someone interested quite quickly.

Yes, I can hold the lease until I’m done. I was wondering if I had any additional options that I wasn’t aware of.

How do go about finding a private lease transfer? I didn’t even know there was such a thing.

Google it. Swap a Lease, etc.

This very forum has a section for Private Transfers.

What are the terms of your current lease?

https://www.swapalease.com/

whats your monthly payment

Payment is $730/mo.

It shouldn’t be that hard to find someone to take over that lease @ $730/month. Assuming there is still a reasonable amount of miles left on the contract and you don’t ask a ridiculous down payment.

This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.