Exit Your Car Lease Early – Options Without the Penalties
Need to exit your car lease early? Whether your lifestyle has changed or you're ready to upgrade, Status Lease can help you get out of your current lease — fast, fairly, and without excessive penalties. We work with customers across New York, New Jersey, Connecticut, and Pennsylvania to explore lease exit options like buyouts, trade-ins, or lease transfers. Our team will guide you through the process and help you transition into your next vehicle with confidence.
Frequently Asked Questions About Exiting Your Lease
Can I get out of my lease early without paying penalties?
Yes — we help you explore options like buyouts, lease transfers, or trading in your vehicle early to avoid or minimize early termination fees.
What’s the most cost-effective way to exit a lease early?
In many cases, the best option is to trade in your lease or explore a lease buyout. We’ll compare your options based on your current mileage, payoff amount, and market value.
What is a lease buyout and how does it work?
A lease buyout allows you to purchase your leased vehicle at its residual value. We’ll help you determine if this is a smart financial move and assist with financing or resale if needed.
Can I trade in my lease early for a new car?
Yes — you can apply your vehicle’s equity (if any) toward a new lease or purchase. We’ll help you evaluate your trade-in value and match you with the right vehicle and payment plan.
What is a lease transfer and is it allowed?
A lease transfer involves transferring your lease to another qualified individual. Not all leasing companies allow this, but if yours does, we can help guide you through the process.
Will ending my lease early hurt my credit?
Not necessarily. If you exit your lease responsibly through a buyout, transfer, or trade-in, it typically has no negative impact on your credit score.
How soon can I get out of my lease?
We can usually review your lease and present options within 24 hours. Depending on your situation, you could exit your lease and get into a new vehicle within just a few days.
Can I exit a lease if I’m over mileage or have wear and tear?
Yes — but we’ll factor that into the value of your vehicle. In many cases, we can still help you avoid excess mileage and wear-and-tear charges by trading in or buying out your lease early.
Can I sell my leased car?
Yes — many lease agreements allow you to buy out your lease and then resell the vehicle. We can help you calculate your buyout amount and connect you with potential buyers or make a cash offer.
Do you only help customers in New York?
Yes — we work with customers across New York, New York, New Jersey, Connecticut, and Pennsylvania, and can assist with lease exits, trade-ins, and new lease deliveries in most areas.