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Contents Option 1: Return the vehicle. Option 2: Roll the payments into a new vehicle. Option 3: Request voluntary repossession. Option 4: Find someone to assume the lease.

With cash-out auto refinancing, you can usually take out an amount up to your vehicle's equity. You can find the equity you have in your vehicle by subtracting the remaining debt from the value of the vehicle. Some lenders will finance up to 80% of the value of your vehicle, and others will finance up to 100%.

Another way your credit and finances could be negatively impacted is if you end your car lease early. This is because there are often stiff penalty fees to pay off a lease early. Additionally, it is usually reported as a closed account.

Can you return a lease after 1 day? With most car leases you can return the vehicle early, but it is going to cost you, since canceling a car lease within 30 days is often associated with a substantial fee.

You reach positive equity on a car once the market value of your car surpasses the principal amount of your loan. Let's say you take out a $20,000 loan for a $25,000 car, and you made a $5,000 down payment. If that car's current market value is $23,000, then you would have $3,000 in positive equity.

A lease buyout involves purchasing a leased vehicle either at or before the end of the contract. Typically, leases include a purchase price option that is established when the lease is signed.

At any point in time in the lease, you have the option of buying out the rest of the cost and term remaining in the lease. You would be buying it out from the lease company, and in doing so you would own the vehicle free and clear.