Can I End My GMC Acadia Lease Early?

When you signed the agreement for your GMC Acadia lease, you entered into a binding contract. This doesn’t mean, however, that you can’t end the lease early. If this is something you want to do, here we go over your options:

Pay the Fee

You agreed to an early termination fee when you signed your lease. To see what this is, dig out your agreement or contact the dealership. Because this can typically be high, this may not be your best option. Fortunately, there are others:

You Can Buy It

With interest rates really low right now, it may actually make more financial sense for you to take out a loan to pay for the vehicle. You might find that this would reduce your monthly payments.

You Can Sell It

While you can’t sell it while it’s still under a lease, you can buy it and then sell it. You may also want to talk to the dealership to see if they would be willing to buy it from you.

You Can Transfer It

Finally, if the other choices aren’t feasible, you may want to think about transferring it to somebody so they will take the lease over. It is, however, important to remember that your name will still be on the lease. You may also need to pay a sizable fee to do this.

If you leased your GMC Acadia from Lester Glenn Buick GMC, get in touch with us to learn more about your options. Or, just come see us in Toms River and we can help you come up with a solution that best fits your needs.

Posted in Uncategorized | No Comments »