Leasing a new Acura model is a great way to enjoy luxury, performance, and premium technology with financial flexibility. To ensure that you have a confident and transparent leasing experience at Acura of Sherman Oaks, it’s important to understand the fees involved, including the Acura lease early termination fee. Here at our finance center, our experts are committed to making sure that drivers are fully informed about every aspect of their lease.
Common Fees at the Start and End of the Lease
When you begin your Acura lease, you’ll typically encounter inspection fees, which can include your first month’s payment, a security deposit, and an acquisition fee from Acura Financial Services. At the end of your lease, potential fees can include excess mileage fees or wear and use beyond normal conditions. A disposition fee is also possible, but this is often waived for lessees who lease or purchase another Acura vehicle.
Overview of the Acura Lease Early Termination Fee
Sometimes plans change, and drivers need to end their lease ahead of schedule. It’s important to understand that a lease is a binding contract for a set term, and ending it early incurs a charge. The Acura lease early termination fee is not a single, flat fee that applies to all drivers in every situation. Instead, it is calculated based on the difference between the remaining amount you owe on the lease and the vehicle’s current market value at the time of termination.
Navigating Your Options
If you find yourself in a situation where you need to end your lease early, you should speak with a professional at Acura of Sherman Oaks. The finance specialists at our dealership understand that lease agreements are complex, and we will help you navigate the situation. For a consultation on your leasing options, talk to the experts at Acura of Sherman Oaks today.
