Can I return the car during the lease period?

carlowaffu

Member

Member since 10 March 2016

carlowaffu

10 March 2016 19:27:04

carlowaffu

10 March 2016 19:27:04

The car is under lease from al yusr, I had paid 28 months and the remaining would be 32 months. The car is still in good condition almost same as new but unfortunately our company is starting terminating workers since last month due to crisis. My question is...Can I return the car during the lease period? Thank you in advance!

hamudi

ViP

Member since 28 January 2011

hamudi

11 March 2016 08:24:20

1981

hamudi

11 March 2016 08:24:20

1981

I believe you can. But try to transfer the lease.

carlowaffu

Member

Member since 10 March 2016

carlowaffu

11 March 2016 18:11:45

carlowaffu

11 March 2016 18:11:45

If you think so, do I need to pay the al yusr?

James

ViP

Member since 20 June 2010

Macaé

Brazil & Canada Expert

James

11 March 2016 18:29:26

11272

James

11 March 2016 18:29:26

11272

Macaé

You need to refer to your lease contract. I've never heard of a lease contract anywhere in the world that doesn't contain a clause about early termination, how that should be communicated to the lessor, and the obligations, penalties, etc., that the lessee will incur for early termination of the contract.

There is no "blanket" answer to your question, since the penalties may vary from company to company. Your contract will be the final word.

Cheers,
James
expat.com Experts Team

mtfahmad

Member

Member since 22 March 2016

mtfahmad

22 March 2016 13:08:30

mtfahmad

22 March 2016 13:08:30

you have to transfer it to another man or pay the rest of the money scheduled in cash then sell it but you may encounter some losses depending on your cars condition,make,year and milage

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