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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.

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Vantage makes it so easy!
Vantage makes it so easy!

Scott McEnerney

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Top notch service, great customer service , competitive pricing and honest service . Delivery to your home with complete setup . If you need a car without any of the hassle use Vantage.
Top notch service, great customer service , competitive pricing and honest service . Delivery to your home with complete setup . If you need a car without any of the hassle use Vantage.

Gigi Del Cueto

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I’ve worked with Dave twice for new cars. The process has always been easy and fast! The first time I wasn’t sure which car I wanted so Dave talked me through his recommended options. The second time I knew what I wanted and Dave jumped on getting me the best deal possible.
I’ve worked with Dave twice for new cars. The process has always been easy and fast! The first time I wasn’t sure which car I wanted so Dave talked me through his recommended options. The second time I knew what I wanted and Dave jumped on getting me the best deal possible.

Erin Frantzman

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This is a GREAT firm! Sean and his team are the best! I shopped for a long time and could not make up my mind. Sean had incredible patience with me despite my waffling back and forth. When I finally decided, it was completely painless. By far the most painless car buying I have ever done. No dealer nonsense, no games. I got a great price with no aggravation. They will deliver the car if thats what you want. Sean and his team are super flexible and accommodating. Would not hesitate to use them again.
This is a GREAT firm! Sean and his team are the best! I shopped for a long time and could not make up my mind. Sean had incredible patience with me despite my waffling back and forth. When I finally decided, it was completely painless. By far the most painless car buying I have ever done. No dealer nonsense, no games. I got a great price with no aggravation. They will deliver the car if thats what you want. Sean and his team are super flexible and accommodating. Would not hesitate to use them again.

JW P

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My experience with Vantage Auto Group was wonderful! I unexpectedly had to get a new car and I was nervous about the process, but they made it extremely convenient, promptly found multiple options for me to choose from within my price range, went above and beyond to help me get the best interest rate when I eventually made my purchase, and delivered the new car right to my door! All of my questions and concerns were answered quickly and fully along the way, and I never once got the “icky car salesman” feeling that you might expect when making a big purchase like this. Sean U was my main contact and I can’t thank him enough for all of his hard work to help me find the perfect car. Purchasing a car through Vantage was a refreshingly seamless experience and I highly recommend using them for all of your car needs!
My experience with Vantage Auto Group was wonderful! I unexpectedly had to get a new car and I was nervous about the process, but they made it extremely convenient, promptly found multiple options for me to choose from within my price range, went above and beyond to help me get the best interest rate when I eventually made my purchase, and delivered the new car right to my door! All of my questions and concerns were answered quickly and fully along the way, and I never once got the “icky car salesman” feeling that you might expect when making a big purchase like this. Sean U was my main contact and I can’t thank him enough for all of his hard work to help me find the perfect car. Purchasing a car through Vantage was a refreshingly seamless experience and I highly recommend using them for all of your car needs!

Nicole Salge

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The car was delivered as expected and communication regarding its status was excellent.
The car was delivered as expected and communication regarding its status was excellent.

Rodney Brown

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Sean and the Vantage team made leasing a new car an easy experience. Would definitely recommend.

Sean and the Vantage team made leasing a new car an easy experience. Would definitely recommend.

Kevin Brotspies

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I had an absolutely amazing experience with David and Jess at Vantage Auto Group. They got me the exact car I wanted at the best possible price—and did it all within a day. The entire process was seamless, stress-free, and incredibly efficient. From start to finish, everything was handled with professionalism and transparency, and the delivery was so effortless it almost felt too easy. I couldn’t be happier and highly recommend!

I had an absolutely amazing experience with David and Jess at Vantage Auto Group. They got me the exact car I wanted at the best possible price—and did it all within a day. The entire process was seamless, stress-free, and incredibly efficient. From start to finish, everything was handled with professionalism and transparency, and the delivery was so effortless it almost felt too easy. I couldn’t be happier and highly recommend!

Melissa Salerno

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Great experience from start to finish with the team. Made the process very easy and worked with us through the whole process, answering any and all questions. And actually returned all phone calls and texts. Ended up with the car we wanted at the price we wanted.

Great experience from start to finish with the team. Made the process very easy and worked with us through the whole process, answering any and all questions. And actually returned all phone calls and texts. Ended up with the car we wanted at the price we wanted.

Jeremy Golden

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