While a Buick lease offers several advantages over buying a Buick SUV outright, including lower monthly payments and increased flexibility, sometimes life becomes unpredictable and you find that you need to get out of a lease. Here at Peruzzi Buick GMC, our team of Buick finance professionals understands that you may want to exit your lease sooner than the expiration date. Here is how to prematurely end a Buick lease.
Understand Your Lease Agreement
First, it is important to review your Buick lease agreement to make sure that you understand its terms. It will lay out any fees or penalties associated with ending your lease early.
Run the Numbers
Next, it’s time to make some calculations of how much it would cost to prematurely end your lease. These are some things to take into consideration:
- The remaining duration of your lease
- Negative vehicle equity
- Your lease’s early termination fee
Know Your Options
The first option is to transfer your Buick lease to another individual. Some lenders allow this, and it is a good option if you know somebody looking for a new Buick model.
Your next option is to buy out the lease. If you’re interested in keeping your Buick SUV but want to end the lease immediately, you have the option of buying out the remaining lease balance.
Finally, Buick often offers lease pull-ahead programs that allow you to end a lease early if you lease or purchase another Buick vehicle.
Learn More About Buick Lease-End Options at Peruzzi Buick GMC
The best way to have your early lease-end options laid out for you is to speak to a Buick finance professional at Peruzzi Buick GMC. We’re happy to assist you in your leasing journey.
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