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405 NJ-17, Paramus, NJ, 07652

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Dealership Info

Phone Numbers:Sales Hours:
  • Mon - Thu9:00 AM - 7:00 PM
  • Fri - Sat9:00 AM - 6:00 PM
  • SunClosed
Service Hours:
  • Mon - Fri7:30 AM - 6:00 PM
  • Sat8:00 AM - 4:00 PM
  • SunClosed
Parts Hours:
  • Mon - Fri7:30 AM - 5:00 PM
  • Sat - SunClosed
Service

Can You Turn a Lease in Early?

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Have you ever wondered, “Can I turn my lease in early? The answer is yes, it’s possible to turn a lease in early. Even if you started your lease with another dealership around Paramus, we can help you turn it in early. So, head to Jaguar Paramus to get the lease return process started, or contact us with any questions. We’re here for all of your auto financing needs in Ridgewood and beyond!

Early Lease Turn-In

If you return the leased vehicle more than 30 days before the maturity date of the lease, you will need to pay an early termination charge. This charge will be calculated two ways, and you’ll have to pay the lesser of the two amounts:

  • We’ll deduct the price we get for the car when we sell it wholesale, less any sale-related expenses, from the adjusted lease balance when you turn in the vehicle.
  • We’ll add the sum of your remaining monthly payments due on the lease plus your end-of-term liability. This includes any disposition fee and fees for excess wear and tear and mileage, if applicable.

You will still owe any other amounts due under the lease agreement, such as any past due payments, any unpaid late fees, and taxes. If your state charges personal property tax on the vehicle, you will also be responsible for any future tax bills for tax periods that occurred before you returned the vehicle. Your lease-end final bill will come from Jaguar Financial Group within 60-90 days. However, due to COVID-19, delivery of your lease-end bill could take longer.

Please complete the turn-in form within one business day of turning in your leased vehicle to ensure that we have the correct date and information to calculate your final lease-end bill.

Getting Out of a Lease Early: Buyouts vs. Takeovers

You have several options for ending a lease, and %%the finance team at Jaguar Paramus is happy to walk you through them. You could opt for a lease buyout, which means that you purchase the vehicle. Another option is a lease takeover—where you find another driver to take over your lease contract. 

Turn To Jaguar Paramus For all Of Your Jaguar Finance Options

Now that we’ve answered the question, “can I return my lease early?” contact us with any questions or concerns about financing a new Jaguar or what to do about your current lease. Our finance experts are conveniently located near Jersey City and Fort Lee and are always happy to help, so reach out to us today!

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