A simple Answer TO yOUr Question
What is the early termination formula for a car lease?
Most leasing companies calculate early termination costs as: remaining payments owed, plus the difference between the car's current market value and the residual value (if the car is worth less), plus an early termination fee (typically $200 to $500), minus your security deposit if you paid one. The exact formula is in your lease contract under the early termination section. It is worth reading before making any decisions.
📥 FREE DOWNLOAD
The Smart Buyer's Guide to Leasing vs. Buying in 2026
Discover:
✓ When to lease vs. buy
✓ Hidden fees to watch for
✓ Tax benefits for business owners
✓ Current manufacturer incentives
Smart move!
Download the guide below, plus we've sent a copy to your inbox.
Affordable Cars Available Now
Value Tracking
No credit impact, view Get personalized insights on your car’s value, so you can time your next car with the most savings.real payments while shopping.
Insurance Coverage
Effortless to buy and personalized to you, with coverage deals with Vantage.
683
Testimonials
What Our Customers Say
People come for the number. They stay for how easy we make it.
Angela Karkoska
My wife and I recently moved from the city and needed a car but didn’t know where to start. At first we tried online, but it was honestly a little overwhelming. I reached out to a local friend for leads, and he pointed me to Vantage. I hopped on a call with Sean after work and gave him a rough outline for what we were looking for. I’m not a car guy, so it was basically: “I need something safe, reliable, and not falling apart.” Sean very much IS a car guy, and he took it from there. After going over our budget, he recommended a couple options, as well as compelling reasons to lease instead of buying used as we had planned. The next morning we went back and forth via text to hash out the details, and then that afternoon a beautiful brand new car within our budget rolled into our driveway. I signed some paperwork with his team, and that was that. Literally less than 24 hours after the initial phone call, I was all set. It was easier than 99% of all my other projects that go into moving to the burbs. The whole experience was extremely communicative and chill. And on top of everything else…I straight up love this car. I fear I’m a car guy now. Thanks, Vantage.
My wife and I recently moved from the city and needed a car but didn’t know where to start. At first we tried online, but it was honestly a little overwhelming. I reached out to a local friend for leads, and he pointed me to Vantage. I hopped on a call with Sean after work and gave him a rough outline for what we were looking for. I’m not a car guy, so it was basically: “I need something safe, reliable, and not falling apart.” Sean very much IS a car guy, and he took it from there. After going over our budget, he recommended a couple options, as well as compelling reasons to lease instead of buying used as we had planned. The next morning we went back and forth via text to hash out the details, and then that afternoon a beautiful brand new car within our budget rolled into our driveway. I signed some paperwork with his team, and that was that. Literally less than 24 hours after the initial phone call, I was all set. It was easier than 99% of all my other projects that go into moving to the burbs. The whole experience was extremely communicative and chill. And on top of everything else…I straight up love this car. I fear I’m a car guy now. Thanks, Vantage.
Stephen Gumbrecht
Lina Suarez
Lauren Nissenblatt
Another five star experience!!! This is the 3rd car I’ve purchased through David and the crew at Vantage. No hassle, no bait and switch, no high pressure sales tactics or incessant follow up phone calls like with a traditional dealership. A few phone conversations with David, and he finds the car you want, with the trim package you want, at the best possible price. Delivery is convenient and the crew are always the constant professionals, taking the time to go over vehicle features and getting you setup to go…. Cant say enough.
Another five star experience!!! This is the 3rd car I’ve purchased through David and the crew at Vantage. No hassle, no bait and switch, no high pressure sales tactics or incessant follow up phone calls like with a traditional dealership. A few phone conversations with David, and he finds the car you want, with the trim package you want, at the best possible price. Delivery is convenient and the crew are always the constant professionals, taking the time to go over vehicle features and getting you setup to go…. Cant say enough.
Rob Ellmyer
Working with Vantage was an awesome experience. They walked me through every step and made me feel like their top priority! They even returned my EZpass device that I had mistakenly left in my trade-in. I didn’t even know this industry existed prior to working with them, but I will never walk into a dealership to buy a car again, thanks to the amazing service Vantage provided. Highly recommend!
Working with Vantage was an awesome experience. They walked me through every step and made me feel like their top priority! They even returned my EZpass device that I had mistakenly left in my trade-in. I didn’t even know this industry existed prior to working with them, but I will never walk into a dealership to buy a car again, thanks to the amazing service Vantage provided. Highly recommend!
PJ Jones
Boubacar Diallo
B Hirschman
Mitchel Bayer