A fee charged by some lease

The value of the vehicle at the beginning of the lease. This dollar amount can be negotiated just as if you were planning to purchase the vehicle with an auto loan

Any cash, trade-in

A type of lease that established the residual value of the vehicle at the beginning of the lease. This is the only type of lease car buyers should consider unless they are very familiar with other lease options. At the end of the lease, the car may be purchased for the residual value, but there is no obligation to do so.

A penalty for making a late monthly payment.

The drop in value between when the car enters the lease and when the car leaves the lease. Part of your lease payment goes toward depreciation.

The fee charged to the dealership by the manufacturer for transporting the vehicle from the factory to the dealer lot. This is a fixed fee that is not marked up by the dealer. This fee is almost never negotiable. All dealerships are charged the same destination fees, whether their showroom is directly across the street from the factory, or 2,000 mi [..]

A negotiable fee that covers preparing the returned vehicle for sale or re-lease and charged by dealers when the vehicle is turned back in when a lease has expired. Sometimes called a disposal fee. This fee may not be disclosed up front and may be located under the terms and conditions found in the end of lease requirements section of your contract [..]

Ending the lease before the lease term officially expires results in an early termination fee that can amount to thousands of dollars.

Leases are mileage-limited, meaning you are allowed a certain number of miles over the term of the lease before extra charges take effect. Today’s leases usually allow 10,000 to 15,000 miles per year. If you have a 3 years lease with a 30,000 mile limit and you return the vehicle with 35,000 miles on it, you are responsible for 5,000 miles worth of [..]