What is meant by this line in my Tesla lease?
I’m trying to understand if this means a maximum value applies to how much Tesla can charge me for early termination?
And, if so what value is the maximum meant by “The charge may be up to several thousand dollars.”
Further, I’m in Texas if that makes the laws any different.
Thank You
On an early termination, you’re essentially paying the entire lease balance off, so the sum of all the remaining payments. Sometimes they’ll wholesale the vehicle and give you some credit against it. Usually elsewhere in the lease contract it will define how the early termination amount is determined.
it is really up to the Lender (Tesla) how they want to treat it, interpret it and bill it
It’s typically spelled out in detail in the contract how it is treated.
Off-topic but can anyone share if there is an option to buyout the car at the end of lease or anytime during the lease?
Can’t buyout Tesla lease
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