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Early Lease Termination Calculator
Need to get out of your lease before it ends? Early termination comes with costs. This calculator estimates the total payoff so you can decide whether ending the lease makes financial sense.
Tell us about it
in $ USD$24,000.00
$
$480.00
$
24
$400.00
$
8%
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Estimated Buyout
$38,793.60
In plain English
The lease has a $24,000.00 residual, $480.00 a month for 24 months, plus a $400.00 purchase-option fee. At 8% sales tax, the early buyout comes to $38,793.60.
How we got there+
| Base buyout (pre-tax) | $35,920.00 |
| Sales tax | 8% |
| Final buyout | $38,793.60 |
Estimates only, not legal or financial advice. Double-check figures with a qualified professional.
How we got there
— Early Lease Termination CalculatorMethodology reviewed: August 17, 2026 · Source: Federal Reserve — Vehicle Leasing: Buying the Vehicle at Lease-End
Frequently asked questions
Q.How much does early lease termination cost?▾
It typically includes the remaining payments, the residual value, and fees. The exact amount depends on your lease terms and how many months are left.
Q.Is it better to terminate or transfer my lease?▾
Transferring your lease to another person is usually cheaper. If that is not an option, this calculator helps you understand the termination cost.
Q.What is an early termination fee?▾
Some leases charge a flat fee for ending early. Check your contract. You can add this to the purchase-option fee field in the calculator.
Q.Will I get my security deposit back?▾
It depends on the lease terms. Some leases apply the deposit toward the termination cost. Check with your leasing company.
Q.Can I negotiate the termination amount?▾
Sometimes. Leasing companies may be willing to negotiate, especially if you are leasing another vehicle from them.