Can i get out of a ford lease early? Or get a new car early?
After my 2004 GTO broke down, i was forced to lease a 2014 Focus, for 3 years and had to get extended miles. Its been about 5 months since i've had the car and so far i hate it. Slow, cheaply made, stereo is terrible, no traction in winter, i don't like it at all. Is there any chance of getting out of the lease early or turning it in without hurting my credit, or even turning it in to lease a different car. Possibly a truck or taurus. Has anyone else been in this situation?
Read your contract on early termination
Not with out loosing more money!
If you leased your Focus through Ford Credit, you can turn it in early. However, you'll still be responsible for all of the remaining payments, plus an early termination fee (it was $495.00 at the time I leased my Fusion, might be higher now). You received the terms of your lease when you signed the paperwork.
Most dealers will be all too happy to buy you out of the lease and into a purchase loan on a new car, regardless of marque. But you won't save any money by doing it.
You can turn it back in, however it will negatively effect your credit.
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