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Early lease termination payment keeps rising
- Thread starter SoodTheDude
- Start date
I don't know if it's normal, but compare all the numbers if you can.
My guess is that when you terminate the lease early, they use the difference between the lease balance (price - cap reduction - payments) and their estimated current vehicle value (Vehicle Value) to calculate the balance, and I assume that they're depreciating the current vehicle value by more than your monthly payment, so the payoff amount is increasing.
Seems like you need a different way out.
My guess is that when you terminate the lease early, they use the difference between the lease balance (price - cap reduction - payments) and their estimated current vehicle value (Vehicle Value) to calculate the balance, and I assume that they're depreciating the current vehicle value by more than your monthly payment, so the payoff amount is increasing.
Seems like you need a different way out.
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If this trend continues, will probably have to get a new car this summer and keep the Tesla on the side just making the monthly payments till the lease is over
Absolutely! Doesn't make sense to turn it in early and have to pay almost $9K. Make the remaining payments and get use out of the car then. What year is it and how many miles? Trying to figure out how your $49,000 car is now only worth $21,800?
Mrbrock
Active Member
I'm the same boat as I want to terminate my lease early. I bought the Nissan ARIYA last March and I am no longer happy with it. I have to make one more lease payment and I have see how much I would have to pay.
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