How To Break A Car Lease In California. Here are some of the common options for how to get out of a car lease: Why is a car lease hard to get out of?
Even if you lose money, you may lose less than you would have if you'd paid out the rest of the lease and penalties. Not everyone is willing to give that up so easily. Though contract terms vary, as do state regulations regarding leasing, someone who needs or wants to break the contract is generally required to make all.
This is because under california law (cal.
To understand why a lease agreement is difficult to end early, you need first to understand how a car lease works. If you do that, you are not “breaking” the lease, at all, but legally ending it, regardless of what the lease says. Once you buy the car, you can try to sell it to a dealership (this is only worth it if you paid less than the kelley bluebook price for it) or to a friend or family member—or someone you meet through craigslist. The car’s residual value—the price it will be worth at the end of your lease—is $16,000.