What is a lease early-termination option?
If you terminate your lease after, say, 36 months on a 48-month lease, you will have to pay an extra charge, based on the difference between the residual value of the car at that time and the estimated residual value at the end of the lease term (stated in the contract). The difference between these two may be great. In most lease agreements you must keep the car at least 12 months. The dealer must tell you before you sign the contract whether you can terminate early, and the cost of early termination.
