Calculate the total cost of ending your lease early, including remaining depreciation, finance charges, early termination fees, and disposition costs.
Early lease termination can be expensive. Most leases require you to pay the remaining depreciation, finance charges, an early termination fee, and a disposition fee. The penalty is typically highest in the first year of the lease and decreases over time. Before terminating early, consider transferring your lease, buying out the vehicle, or trading it in to minimize costs.