Car Warranty | Car, Auto, Used Cars:   Up-Front, Ongoing and End-of-Lease Costs

Calculation {$} of the early termination charge. The  calculation of the early termination charge is set forth in the Car, Auto lease. Usually, the amount Car Warranty credited for the vehicle you've leased will be the {$} actual wholesale price received for the  vehicle or a wholesale value established by some other means, such as an {$} independent appraisal.

The early termination charge may include  such charges as a vehicle disposition fee and taxes. In virtually all Car, Auto cases, you must pay other amounts owed, such as late charges, past-due Car Warranty monthly payments and parking tickets.

Some {$} lessors also charge an additional amount, usually a fixed dollar amount, to  reimburse their costs of early termination and the Car, Auto portion of their initial costs that Car Warranty would have been covered by the remaining rent {$} charge. The earlier you end the lease, the  greater the early termination charge is likely to be.

Car Warranty | Car, Auto, Used Cars:   Up-Front, Ongoing and End-of-Lease Costs

There are two types of gap coverage. One is a Car, Auto waiver by the lessor of the gap amount after an insurance casualty loss. The other is a contract with a Car Warranty third party, which may be an insurance company, to cover the gap amount.

With either type of gap coverage, you are usually responsible for your Car, Auto insurance deductible and any other amounts deducted from the insured amount of the vehicle by your insurance company. Gap coverage typically applies only in the Car Warranty event of a total vehicle loss through casualty or theft covered by your insurance policy and a determination that the vehicle is a total loss.