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How can I get out of a car leasing agreement?

You can terminate a car leasing agreement at any time, but depending on how much has been repaid, and how your payments are structured, the financial penalties could be severe.

Should I consider a 12-month car lease?

The fee that you pay at the start of a lease deal is larger than the subsequent monthly ones, so while some dealers offer 12-month lease deals, they’re an expensive option.

What are the pitfalls of car leasing?

The biggest worry with car leasing is that you may suddenly find that you can no longer meet the repayments. However, mileage limits and wear and tear bills can also cause problems, while taking out GAP or PPI insurance can mitigate concerns.

What are yearly mileages?

When you take out a leasing contract it is based on a fixed mileage limit, and you will be charged a penalty if you exceed that limit.