How it works
Early lease termination typically costs a penalty rate applied to the total remaining lease payments. If the penalty is large, transferring the lease to a third party may be cheaper than terminating outright.
FAQ
Q. Where do I find my penalty rate?
A. It's specified in your lease contract's early-termination clause, typically 20–40%.
Q. What is a lease transfer?
A. It's when a third party takes over your remaining lease contract — often avoiding the penalty entirely.