Ending the lease before the allotted time.

This applies to leasing only. Some leasing companies want you to pay a huge fee if you decide to end your lease early. If you end your lease early by trading in the vehicle, you will lose a substantial amount of money.

Ending the lease before scheduled termination date, usually resulting in a substantial Early Termination Charge or Early Termination Payoff amount as defined in your lease agreement.

Ending of the lease before the scheduled termination date for any reason, voluntary or involuntary (for example, you return the vehicle early or default on the lease, or the vehicle is stolen or totaled). In most cases of early termination, you must pay an early termination charge.

Ending of the lease before the scheduled termination date for any reason. The reason may be voluntary or involuntary (for example, the vehicle is returned early, stolen, or totaled, or you default on the lease). In most cases of early termination, you must pay an early termination charge.

When a lease is ended by the lessee returning the lease vehicle to the lessor before its scheduled maturity date.

There are two basic ways of pursuing the early termination of a lease. This can be done by paying the remaining amount on the lease and returning the car to the lease company, or by mailing the remaining lease payments as well as the purchase price and then buying the vehicle. You may be able to negotiate a reduction of any of the unearned rent charge when you terminate your lease early. Read the contract carefully to understand how early termination charges will be calculated. Remember, if you default on the lease, the charges can be substantially more, depending on the contract.

The ending of a lease, by a lessee, before the agreed-upon end of term Read more

The termination of a lease before it's maturity date.

A vehicle's depreciation is highest in the first few months after it leaves the dealer's lot. Since a lessee pays for depreciation in equal monthly payments, lessees who end a lease early have almost always used up more of a car's value than they've paid for. Therefore, lease contracts generally include penalties for early termination. Be aware of these penalties before you sign the lease contract and consider your ability to fulfill the contract.

This means you want to get out of the lease contract before all your payments have been made. After 24 months of a three-year lease, for example, you might decide you no longer can afford the car, or you are sick of it. So you decide you want to terminate the lease. This is very costly since leasing companies require you to make all the remaining payments and pay a penalty. However, some new Internet companies have sprung up recently to help people sell their leases to someone who wants to step into a short-term lease at lower payments.

Terminating a lease before its scheduled end date. This action usually incurs significant penalties and fees.

Occurs when the lessee returns the leased equipment to the lessor prior to the end of the lease term, as permitted by the original lease contract or subsequent agreement. At times, this may result in a penalty to the lessee.

When a lease is voluntarily terminated or defaults before its anticipated contract completion date.

Ending a lease before the scheduled termination date. The lessee typically will be required to pay an early termination charge as described in the lease agreement.

The ending of a lease, by a lessee, before the agreed-upon end of term. Early termination can result in hefty fees. Early termination isn't always voluntary; if the car is stolen or totaled, the lease terminates, and early- termination fees still may apply. Good GAP insurance plans cover penalties such as this, in addition to the lease balance.