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Can you back out of a lease within 24 hours?
My friend just signed a car lease and instantly regretted it. She literally signed 2 hours ago. Can she back out before tomorrow?
Olivia Rose · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Oh, no—we are so sorry to hear that! Let’s see if we can provide some clarification.
Generally speaking, no, you can not back out of a car lease after it is signed. While some contractual agreements—like a mortgage—allow you to back out within a specified period after signing, car leases do not typically offer the option.
But that doesn’t mean all hope is lost! Some lease providers will allow you to end your lease early. It just depends on the lessor and the agreement. Just note that if your friend does this, she will need to return her car and pay the remaining balance that is due, which will probably include an early termination fee.
We know it might be too late for your friend, but to everyone else out there—car buyer’s remorse is a real thing! Always think twice about a car purchase or lease agreement. It’s a huge commitment, and you definitely don’t want to be on the hook for a vehicle you don’t even want.
Please, let your friend know we are here to support her however we can!
If she finds out she’s stuck with the car, tell her to check out
Jerry
. With the Jerry app, she can shop for personalized car insurance
from top-name providers (like Progressive and State Farm) all in one place—for free
. The average Jerry user saves $800 a year on car insurance.
View full answer
- Gregory R.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
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