The Consumers Guide to Auto Leasing
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Car Leasing Glossary - Early Termination Charge

Early Termination Charge(car leasing term)

Charges that the lessee must pay if the car is turned in early before the term of the lease is over.

The fee charged to a lessee in the event of an early termination of a lease. Penalties vary from lease to lease and the method of calculation is determined at lease inception and explained in the lease agreement.

Car Leasing Early Termination Payoff Car Leasing Early Termination Payoff

 
   
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