Is a Lease Early Termination Letter Required for Canceling a Car Lease?

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Is a Lease Early Termination Letter Required for Canceling a Car Lease?

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A lease early termination letter will be required if you are trying to get out of your lease early. A request in writing will be a first step. Early termination of a lease is not an easy process. A lease is a legal contract, and terminating early will be an expensive proposition. The majority of leasing companies will require you to buy out the remaining lease payments or purchase the vehicle. You can use the services of a company like Swapalease, which can help you find a person to take over your lease payments. These companies will have fees associated with them, but they can be a lifesaver if you need to get out of your lease.