OConnor GMC Trucks Augusta Maine | Car, Auto, Used Cars:   Up-Front, Ongoing and End-of-Lease Costs

Several methods {$} are used to allocate the base monthly payment to  depreciation and the rent charge. The most popular method is the Constant Yield (Actuarial) Car, Auto method. More info Example Another is the Rule of 78 method.

Options OConnor GMC Trucks Augusta Maine at voluntary early termination. You typically have the {$} following three options at voluntary early termination:

Return the vehicle to the lessor and  pay any early termination charges due.

Trade in the Car, Auto vehicle to a third party (such as a dealership or leasing company).

If OConnor GMC Trucks Augusta Maine the proceeds exceed your lease balance, you can {$} apply the excess to your lease or purchase of another vehicle or receive the excess in cash. If there is a shortfall, you are Car, Auto responsible for the deficiency.

If you OConnor GMC Trucks Augusta Maine buy or lease another vehicle, you may be able to include the {$} deficiency as part of the amount financed or the gross capitalized  cost of the other vehicle. Exercise any early termination purchase option, Car, Auto re-sell the vehicle, and use the proceeds to OConnor GMC Trucks Augusta Maine offset the amount you paid for the vehicle.