Car lease - what are my options

https://www.moneyadviceservice.org.uk/en/articles/cut-your-car-finance-hire-purchase-and-other-finance-costs

PMB1970 wrote: »

Just been made redundant and trying to cut costs. Have a lease car but only had the lease less than a year.
I guess I would be liable for early exit fee or would there be any chance they would waive the fee due to circumstances?
I will be calling the lease company but just wondered if anyone would have any info.

With leasing the "early exit fee" could amount to the remaining payments due.

This will be extremely expensive and you'll have no car - bearing in mind you could need a car to attend interviews and you will most likely need a car when you start a new job

I would look at it another way - aim to have another job within 3 months, so what do you need to do to ensure those payments can be made until you've another job? Could be using some of your redundancy, savings, or borrowing money from a family member or friend.

Its a difficult time, but having been through it a couple of times over my career, and having had friends go through it, in a years time chances are you'll be looking back from a better place than you were before the redundancy and wondering why you stressed so much at the time.