Location: Rhode Island
Girlfriend has a Mercedes Benz lease – there’s currently 12 months remaining on it. We called MB Financial Services this evening to get the 10 day lease payoff quote (approx. $6300 – includes remaining monthly payments, property taxes, and vehicle acquisition fee of $595). She plans to keep the lease for the remaining 12 months – the rep told her she could continue using the vehicle, even if she pays off the lease early. However, let’s say she turned in the vehicle early (1, 2, 4, 5, 6 months, whatever), would she be charged with an early termination fee, even though she fully satisfied the financial obligations of the lease?