Lease Termination

When customers select Early Termination, they simply pay the balance owed, which is calculated using a simple interest formula.

Your customers have four options at Early Termination:

  • Pay the residual and own the car
  • Sell the car, pay the residual, and keep any difference
  • Trade in the car to you. You pay the residual, and the customer keeps any difference
  • Refinance the residual through a new lease, without a large cash outlay, and continue to own the car

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