Can you return a financed car without getting a penalty?

You cannot return a financed car without a penalty. There will likely be a cancellation fee involved and your credit will be negatively impacted. Also, you'll likely still owe some money on your loan. To avoid the penalties for returning a leased car, consider alternative options such as selling the car, trading it in for a different one, transferring your loan agreement, refinancing your loan, or asking the dealership to adjust your payment schedule.

Free Car Insurance Comparison

Compare Quotes From Top Companies and Save

secured lock Secured with SHA-256 Encryption

UPDATED: Aug 17, 2022

Advertiser Disclosure

It’s all about you. We want to help you make the right coverage choices.

Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider. Our partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

Compare Quotes from Top Companies and Save

Enter your ZIP code below to view companies that have cheap auto insurance rates.

secured lock Secured with SHA-256 Encryption