Can I get out of my lease?
August 16, 2006 10:09 AM Subscribe
Does terminating a lease on a car early negatively affect your credit?
posted by Lillitatiana to travel & transportation (5 answers total)
On July 3, 2006, I leased a car in the state of California for a 36-month period. I have just been notified by my office that I am probably going to be transferred overseas for a period of 3-6 months, maybe longer, in mid-October. I would like to terminate the lease early, but am wondering if it will negatively affect my credit. (I owe nothing on my credit cards and have no other bills.) I am aware of lease trading programs, but most of them seem sketchy, and my finance company doesn't allow lease transfers besides. My only other option would be to buy the vehicle and then sell it, which I'm not really sure I'll be able to do. Has anyone ever had any experience with this? Did returning the car early affect your credit? The car is a 2006 Audi, if that makes any difference. Thanks in advance...