Can I prepay my lease?
Yes, you can prepay all your payments to maturity on your lease. However, there will be no reduction in interest. At the end of the lease, you will still have paid the total amount of rental charges as stated on your lease contract.
It's important to note that though you can prepay your lease with us, you will still need to do the lease payoff through our third party leasing partner, Fusion Auto Finance.
Is there an Early Closure Fee on leases?
No, there is no fee or penalty for paying off a lease early. However, regardless of when it is paid off, you will be required to pay all monthly lease payments that would have been due over the term of the lease. So for example, if your lease was for 36 months, the equivalent of 36 monthly payments is required. There are other scenarios that can transpire at the end of the lease and we encourage you to read your lease agreement carefully, and to contact Fusion Auto Finance with any questions and for payoff information.
If you need additional information, you can contact our third-party leasing partner, Fusion Auto Finance.