Car Leasing Glossary - Lease Balance

Lease Balance (adjusted lease balance) (car leasing term)

The unpaid portion of the adjusted capitalized cost of the lease. The lease balance is reduced as you make your monthly payments, usually by use of a standard methodology such as the constant yield (define: constant yield) (actuarial) method. The lease balance is often a primary component of the early termination payoff amount.

Car Leasing Lease Extension