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How Do EV Lease Early Termination Clauses Work? Are you considering leasing an electric vehicle but unsure about what happens if you need to end the lease early? In this video, we explain how early termination clauses work in EV lease agreements. You'll learn what costs and penalties might be involved if you decide to end your lease before the scheduled date. We cover common fees such as remaining payments, early termination charges, depreciation costs, and additional charges for exceeding mileage limits or vehicle wear and tear. Understanding these details can help you avoid unexpected expenses and make smarter decisions about your lease.

We also discuss alternative options that can provide more flexibility, including lease transfers, buyouts, and pull-ahead programs. These options might help you minimize costs and better suit your changing circumstances. Additionally, if you're involved in a salary sacrifice scheme for your electric vehicle, we explain the potential steps and tax considerations you should be aware of.

Knowing how early termination clauses function is essential whether you're leasing or comparing with buying a vehicle. Being informed helps you manage costs effectively and prevents surprises down the line. Watch this video to get a clear understanding of your options and responsibilities when it comes to ending an EV lease early.

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