Lease returns?

[BERGS2]

So as not to clog up the Barge lease thread, I thought i'd start this seperately.

In the instance of change of circumstances etc. how straightforward is it to terminate a lease agreement and typically what type of costs are involved?

I guess its a proportion of the outstanding remaining on contract?

[NPI]

It's one of the downsides of leasing that you usually have to pretty well pay all the remaining payments.

You can insure against early termination for a range of causes - even if you just resign your job.

[rfoster]

Depends on the finance company and type of lease agreement. For example, Lex used to charge around 50% of remaining rentals to just hand the vehicle back to the finance company - the major lenders are similar but there's no specific formula or regulation that they have to follow when calculating an early settlement on a lease.

[Fast Bug]

You'll need to ask the leasing company directly as there are too many variables