How to get out of a lease without damaging my credit

Highlighted
Contributor

Hi,

 

I have just passed my first year, out of three, on my current leased vehicle. Is there any way or method that I may get out of my lease without damaging my credit? I have started a new career as a merchant seaman and will be gone 8-10 months out of the year. With that much time away from home, I find there is no reason to pay monthly payments on a vehicle I will not be able to drive. The dealership gave me the buyout option, which is still defeated by the point I will not be able to drive it while away.

 

3 REPLIES

Highlighted

You would need to find someone to take over your lease payments. If you don't have anyone you know, you can try online at http://www.swapalease.com/.

Highlighted
You can also trade it in for another car.
Highlighted
If I trade it in, they will add the $11K that I still owe them on top of the car I trade it in for ... 😁😁