Handing a leased car back early: the termination charge explained
Early termination charges explained — and the alternatives to compare before handing back the keys.
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Transcript
Thinking about returning your leased car early? Here is what actually happens, in under a minute. An early return usually triggers an early termination charge: the remaining amount you owe, minus what the leasing company gets for the car.
Add wear-and-tear and mileage charges on top, and an early return can cost nearly as much as just finishing the lease. Better exits exist: buy the car out and keep or sell it, transfer the lease where allowed, or ride out the final months. Run each number first.
Champion Auto Finance helps you compare an early exit against a buyout, across New Jersey, New York, and Pennsylvania. Learn more at championautofinance.com.
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