Can You Change Your Leased Car Early?

A major part of car leasing involves selecting the make, model, and brand of the car you wish to lease, with the option to match your vehicle to your personal taste. While the variety of choices is vast, once the lease agreement is signed, any changes regarding the vehicle are typically not possible. This rule applies even if the car is only a month old. However, upgrading to a newer model is an option after the lease contract expires. Quiklyz, a leading car mobility solution, offers hassle-free leasing solutions for those who love changing their car every few years.

Early Lease Termination and Fees

When it comes to changing your leased car before the end of the lease term, you generally face a fee for early lease termination. These fees are often quite high and undesirable. Most lease companies offer a "pull ahead" program, which allows the exchange of a lease for a new one up to 6 months before the contract ends.

Lease Extensions and Waivers

In some cases, manufacturers offer specific programs where the last few lease payments can be waived if you lease another car from them. For instance, MERCEDES-Benz might occasionally waive the last three payments if you lease another Mercedes. However, dealers typically factor in the remaining lease payments into the new lease.

Options for Changing Leased Cars

Strictly speaking, a lease agreement is tied to a specific car with a unique Vehicle Identification Number (VIN). This is similar to purchase or loan contracts where the agreement is set for the specific vehicle. Leasing is not the same as renting, which often leads to misconceptions about swapping cars, maintenance conditions, and insurance.

In some rare instances, immediately after the lease is initiated, a dealer might be willing to unwind the deal and allow a swap, particularly if the new car is more expensive and a better deal for them. However, this means starting a new contract, which involves new paperwork and initially reversing the process of the initial lease.

Conclusion

While there are no guarantees, it is possible to change your leased car by paying an early termination fee or through specific programs offered by manufacturers. It is crucial to conduct thorough research and consult with professionals before making a decision. Quiklyz can provide additional guidance and support for those interested in car leasing and mobility solutions.

Note: The information provided is for general guidance and should not be used for making a definitive decision. Always conduct your own research and seek professional advice to make an informed choice.

Quiklyz Available Cities

Quiklyz is currently available in select cities. For more information and availability in your area, visit the Quiklyz website.