Is There a Way to Terminate a BMW Lease Due to Disability?

People choose to lease a car for several reasons. One of these is the low monthly payment, which can make driving a luxury car like a BMW an affordable option. The only way a car-lease customer is able to take advantage of low monthly payments is if he fulfills the terms of the lease as agreed upon when signing the paperwork. Sometimes circumstances develop, causing some to need to terminate their leases. When this happens, the lease customer needs a process in place, allowing him to legally terminate his auto lease without taking a big financial hit.

Instructions

1

Read through your lease contract and find out if your leasing company will allow you to get out of your lease by transferring it and the BMW to another person. If so, contact the company and let them know of your new disability. Inform them that you won't be able to make the lease payments and that you have someone in mind to take over the lease. Then they can approve this person, according to Lease Guide.

2

Contact a lease transfer company after reading your lease contract. Register with one of these companies and get help finding a buyer for the lease on your BMW. Lease transfer companies assist with the lease transfer and all paperwork, according to Auto Lease Breakers.

3

Return your car and pay the remainder of your lease to the auto dealership. This is the least desirable option because of how much you may end up owing in early termination fees and the remainder of your lease balance, according to Lease Guide.