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

Early Termination Payoff (car leasing term)

The total amount you owe if your lease is terminated before the scheduled end of the term before subtracting the value credited to you for the vehicle. The payoff is calculated as described in your lease agreement. The early termination payoff may include the unpaid lease balance and other charges.

The total amount the lessee owes if the lease is terminated early, before subtracting any credit for the value of the vehicle. The payoff is calculated as described in the lease agreement.

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