Topical Terminology > Early Termination Payoff
1 Definition
Early Termination Payoff
For Early Termination Payoff we have a term and definition in Auto Lease.
Early Termination Payoff (Auto Lease) 
The total amount the lessee owes if the lease is terminated early before subtracting the value credited to you for the vehicle. The lease agreement will describe how the payoff is calculated. The early termination payoff may include the unpaid lease balance as well as other charges.
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