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Oftentimes there are early termination fees if you try to get out of the lease early. And pay attention to the upfront payment, the residual value and how they relate to the monthly payment ...
Life-of-lease cost. Life-of-lease cost refers to any fees or balance remaining if the lease is terminated early. Costs may include an early termination fee based on how much has been paid vs. the ...
Turn the car in and get a new lease on a new vehicle. Extend your lease — only some companies allow for this option. Return the car without exchanging it for a new lease.
The lease term is the length of time you agree to lease the car. If you have a shorter lease term, you may end up paying more each month but less in the long term.
You might be able to get out of your lease early, but most lenders will charge you an early termination fee. This fee covers the cost of relisting the car and leasing it or selling it to someone else.
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A trade-in is also usually only an option when you buy or lease your new car from the same dealership as your current car lease. Most of the options available to terminate your lease early come at ...