Used Gmc Envoy Xuv | 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 Used Gmc Envoy Xuv 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 Used Gmc Envoy Xuv 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 Used Gmc Envoy Xuv 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 Used Gmc Envoy Xuv because more of your payment is allocated for depreciation.