my bad, i was misinformed, i called again today and the customer rep told me in states of california and wisconsin there is no early termination policy, so if u live in those two states u have to talk to the dealership about terminate your lease early in another word pay the penalty for it. i have another question tho, for example my payoff amount at this moment is 33k does that mean if i pay 33k now and i own the car? and will that amount go down as i keep paying the lease payment? i ask this because the rep told me lease is different and the lease payment i make won't go toward the principle of car. so how do they determine how much my payoff amount will be lowered each month then? i asked the same question to that rep and she didn't know the answer other than saying they use different formula for lease accounts.

 

Threre is a payout amount and a residual amount. Payout is how much you still owe the financing company (remaining payments + residual). Residual is how much you would have to pay to own the car after all of your payments.

 

so if i want to own the car i have pay the payoff amount plus the residual amount? my remaining payoff = 485x44=21340 and my residual value on my contract is about 18000, so how come they told me my payoff amount is 33100 somthing over the phone? i don't get it and am too lazy to call them back.

 

well, i finally got the facts straight, the payoff amount of 33k something is the amount i pay right now if i want to own the car right now, the residual of 18k is the money i pay when my lease is up and i want to keep the car.