Lease End Options

Early Lease Termination

Ending the lease on your vehicle early can be one option.  Most dealers will tell you that your only option to end a lease early is ‘early lease termination’.  During this process, the lessee (you) is required to pay an early termination penalty plus the balance of the remaining payments. For example, if the payments are $700.00 a month and 10 months are remaining on the contract, then the lessee owes $7,000.00 ($700.00 X 10 payments) plus any penalty fees.
 
When you turn your car in these additional fees are often applied toward your trade-in, but the net of the transaction may cost you thousands of dollars.