What Is the Timeframe to Return a Leased Car?

If you’re considering a lease for the first time, it’s natural to have a lot of questions. A few common questions we hear are “Can you return a leased car early?” or “Can you return a leased car within 30 days?” In most cases, new car lease terms last two to three years. However, your leasing company will typically get in touch with you anywhere from 30 to 90 days before your lease-end date to help you begin the lease return process. 

Before you reach the end of your lease, what happens if you realize the vehicle isn’t a good fit for your commute from North Canton to Canton? Can you return a leased car early? More often than not, you can return a lease early. However, there will likely be a fee involved. Read on below for more car-shopping tips and information. 

Can You Return a Leased Car Within 30 Days?

Whether you’re asking “Can you return a leased car early?” or “Can you return a leased car within 30 days?”, the answer is generally a tentative yes. If you’re considering returning a leased car early, you’ll want to review your lease agreement to see if there’s a fee involved. Attempting to cancel a car lease within 30 days often comes with a hefty fee. 

The penalty for canceling a lease early can range based on the leasing company. Some may require you to make all of the remaining payments, the difference between the current lease balance and the projected lease-end value or other fees. For the most part, the earlier you cancel a lease the more you’ll be obligated to pay in fines. 

What to Ask Before Ending a Car Lease Early

While you might be curious if you can cancel a car lease within 30 days, most drivers interested in returning a leased car early are a bit further into their lease. If you have a year or less left on your lease, and you don’t need the vehicle any longer, the early termination fee probably won’t be too severe. Regardless, here are a few things to keep in mind if you’re considering returning a leased car early:

• Why do you want to end the lease early? If you’re unhappy with the color of your vehicle or wish you’d gotten a leather interior, those grievances likely don’t justify the hefty fee you’ll have to pay to get rid of your lease. That said, if you’re moving away, need a new vehicle for your growing family, or have changing work responsibilities, a new vehicle may be warranted. 
• How large of a fee would you pay? Sometimes, waiting a few months can really help you save on your lease termination fees. Review your agreement, and compare that to what you’re willing to pay. 
• What are the leasing company’s policies? Before you agree to a lease, ask the leasing company about their early termination policy and fees. This will help you prepare if you ever need to end your lease early. Once you’re in that position, get in touch with the leasing company again to see if they can help you work out a more favorable deal. 

Learn More About Leasing at Serra Mazda

From helping you understand if you can cancel a car lease within 30 days to guiding you through the return process at the end of your term, Serra Mazda is your source for automotive leasing guidance! We take great pride in serving our Hudson-area community, and we can’t wait to help you next! If you’re thinking about leasing, explore our Mazda lease offers for extra savings!