How Can I Terminate My Lease?

September 12th, 2014 by

Over at Crown Nissan, general manager Brent Sayles loves to talk about options. He really likes the options his customers get when they decide to lease as opposed to finance a new car.

But there is one question that potential lessees always ask when confronted with the decision: “Can I terminate my lease early and how do I go about that?”

Again, says Sayles, there are options.

“There are three ways to do it,” said Sayles. “First, you can trade it in. Just like trading in a financed car. Trade it in and drive a newer model with newer technology off the lot.

“No 2, you can just drop it off and make the final payments. And No. 3, you can drop it off and pay the market-value difference between the value of the car and the payments that are left over.”

Do these options sound familiar?

“There is no difference in financing or leasing a new car when it comes to getting out early,” said Sayles with a grin. “You have plenty of options either way.”

The Dilawri Automotive Group
Founded in 1984 by Ashok Dilawri, the Dilawri Automotive Group has more than 400 employees and includes seven Winnipeg-based car dealerships. It also provides customers with the Waverly Auto Mall (WAM) Collision Center, a 24-bay glass, paint and auto body center; D-MAX, a 14-bay detailing center; and GAS Performance, a specialty aftermarket and performance accessory showroom with the largest inventory of custom wheels and tires in Winnipeg. The Dilawri Automotive Group has been named one of Canada’s 50 Best Managed Companies.

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