How to Terminate a Wells Fargo Lease

Before deciding to terminate a lease, it's best to review your lease agreement.

Although financial institutions tack on hefty fees when customers end car lease agreements early, it's comforting to know you have this option when you are dissatisfied with the car or experiencing economic hardship. The process for terminating a car lease is mostly standardized for all financial institutions. Wells Fargo follows this standard practice when customers wish to break their lease agreements early.

Things You'll Need

• Payoff quote and odometer letter
• Lease agreement

Instructions

1. Call 800-279-8859 to speak to your Wells Fargo lease-end sales representative. Explain your desire to terminate the lease. The consultant will send you a letter outlining your payoff and odometer information.

2. Return the vehicle. Wells Fargo requires you to return your vehicle to an authorized auction location. Clean the interior and exterior of the car, and remove all of your belongings.

3. Pay all outstanding fees. Wells Fargo will send you a final bill outlining the following: early termination fee, excess wear and tear charge, and any outstanding car payments.

Tips & Warnings

• If you are terminating your lease less than 60 days from the scheduled lease-end termination date, you will not be charged an early termination fee.

• Do not take your car back to a dealership.

• You are responsible for the insurance and any damages incurred before you return the car to the authorized location.

References

• Wells Fargo: Returning your Leased Vehicle