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Additional PHOTOS OF LIFTED TRUCKS and Car, Auto Resources

PHOTOS OF LIFTED TRUCKS | Car, Auto, Used Cars: Up-Front, Ongoing and End-of-Lease Costs

Reasons for the {$} early termination charge. If your open-end lease ends early, you may have to make a payment (an "early termination charge") to satisfy your lease obligations.

This payment may be Car, Auto substantial. The early termination charge is typically the PHOTOS OF LIFTED TRUCKS difference between the {$} balance remaining on the lease (lease payoff amount) and the amount credited Car, Auto for the vehicle (realized value of the vehicle).

A large part of your PHOTOS OF LIFTED TRUCKS early termination charge is due to the {$} fact that the market value of a leased vehicle declines more quickly at the beginning of the lease than at the end of the Car, Auto lease.

In the early part of the PHOTOS OF LIFTED TRUCKS lease, the amount you pay for depreciation does not fully cover the {$} amount the vehicle actually depreciates. So if you end the lease early, there usually is a shortfall. As Car, Auto the lease nears its end, this shortfall is generally less PHOTOS OF LIFTED TRUCKS because more of your payment is allocated for depreciation.

PHOTOS OF LIFTED TRUCKS | Car, Auto, Used Cars: Negotiating Terms and Comparing Lease Offers

Warranty

Compare the number of months and the mileage allowance in the lease with the vehicle's warranty period. If you are considering a lease term or a mileage allowance greater than offered by the Car, Auto warranty, be sure you understand what expenses you will be responsible for once the vehicle is no longer under the PHOTOS OF LIFTED TRUCKS warranty.

Purchase option and purchase-option price

Many leases offer an option to purchase the leased vehicle at the end of the lease. Your circumstances may change over the term of the lease, and having a purchase option will increase your Car, Auto flexibility at lease-end. When comparing leases, look to see if each offers a purchase option, what the PHOTOS OF LIFTED TRUCKS purchase price will be, and if there is a fee to exercise the purchase option. If the vehicle turns out to have a higher market value than the residual value at the Car, Auto end of the lease, having a purchase option may enable you to take advantage of the difference (that is, the PHOTOS OF LIFTED TRUCKS equity). See the section Vehicle Return in "Leasing vs. Buying."

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