just got off the phone with infiniti financial service about early lease termination
#16
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.
#18
Originally Posted by vodkarocket
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.
#19
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