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Swap your lease, and other ways to end a car lease early

This article is reprinted by permission from NerdWallet.

When life throws you a curveball and you need to tighten your budget, you might need to break your car lease.

People generally lease cars because they prefer the flexibility of making only a three-year commitment and want less expensive monthly payments than if they bought an equivalent car. It often becomes less convenient and inexpensive if you want to exit from the contract early.

Returning the vehicle before the lease expires is an option, but not a good one. You’re still on the hook for all the remaining payments, plus substantial fees and penalties for early termination.

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