Is there a way to get out of a lease without paying a penalty?

There are a few options that avoid the formal early termination penalty. A lease transfer (if your leasing company allows it) lets someone else take over your payments with no early termination fee. If your car has positive equity, you may be able to trade it in or sell it and use the equity to cover costs. Buying out the lease and reselling the car is another option if the numbers work in your favor.