Are you an active-duty servicemember who is leasing a car? If so, you may be eligible to terminate your lease without penalty under the Servicemembers Civil Relief Act (SCRA). The SCRA provides a number of protections for servicemembers, including the ability to terminate leases without penalty if they are deployed or transferred to a new location.
In this short video, I will explain how the SCRA can help you get out of your car lease without penalty. I will also discuss the eligibility requirements and the steps you need to take to terminate your lease.
The SCRA applies to the following servicemembers:
• Active duty members of the Army, Marine Corps, Navy, Air Force, and Coast Guard;
• Members of the Reserve component when serving on active duty;
• Members of the National Guard component mobilized under federal orders for more than 30 consecutive days; or
• Active duty commissioned officers of the Public Health Service or the National Oceanic and Atmospheric Administration.
I'm not a lawyer. This is not legal advice. This is for educational purposes only.
