When you sign lease papers for a car you are signing a note, much like buying a car, promising to pay the agreed amount according to the terms of the lease. The terms of your lease usually state how many miles you are allowed per year and how many months you are required to pay the monthly fee. If you break your lease, meaning that you return the car before the agreed terms, you can end up getting a nick on your credit report and you may also end up with law suit for being sued for breaking your contract. You may be able to work something out with the title owner if you are honest and up front with them that you can not pay for the lease anymore or if you decide that you would like another car. If you pay the balance of the lease most dealerships will allow you to walk away without a blemish on your credit. For the best answer, it is in your best interest to look at the specific terms of your lease to see what penalties they may be for breaking your lease early, if there are any at all.
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