If you are already in a car lease and the contract has been signed, the monthly payment as specified in the contract can’t be changed anytime during the life of the lease. It is not possible to change the terms of the lease in any way that might reduce the monthly payment amount.

Unlike a car loan, which can be refinanced, leases cannot be refinanced. It is not possible to end one lease and begin another on the same car.

If you find that you can’t afford your car lease payments, you should everything possible to avoid a repossession, which will be expensive and will damage your credit for years into the future.

The best option is to simply find a way to keep the car and keep making payments until the lease is completed.

If you can’t do that, know that ending a lease early is very expensive unless you are very near the end of the lease.

Buying out your lease is also not a practical option.

You could try the option of letting someone else take over your lease, as described in this article, How to Get Out of a Car Lease.

However, if you want to continue your lease but simply want to lower your payments, there is no way. Talking with your lease company won’t help. Sorry.

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