Most leases have a purchase option. The amount to be paid
will be specified in the contract (residual value or lease
Early car lease termination often results in overcharges
If you go through a local car dealer to complete an car
lease termination, you could save thousands of dollars in
dealer fees! and eraly lease termination costs with leasetrader.com.
Many consumers do a car lease termination of their leases
upon purchasing or leasing another vehicle.
Get Out of my Lease: Anyone who has leased a vehicle knows
the hassles of getting out it (lease termiantion). Just
to keep your car when you don't need or want it for the
entire lease, can mean big fees. Never forget most car leases
require you to purchase more auto insurance than your state's
minimum liability coverages. Users face charges for exceeding
mileage limits, and lease companies are notoriously hard
about fees related to "excess" wear and tear.
Car Lease Termination Fees
Early lease termination fees generally include:
All the remaining lease payments,
+ any difference between the lease-buyout
price (residual) and the car's current value,
+ the lease disposition fee,
+ any wear and tear
- minus a little bit of interest on the remaining payments.