In all cases, an early termination charge will need to be paid by the customer or a third party. Payment is by BACS or CHAPS and the vehicle registration number must be quoted as the payment reference number.
Nationwide Vehicle Contracts do not charge an additional fee for obtaining an early termination quote on your behalf.
Can I pay off my car lease full?
No, it's not possible to pay off your remaining car lease early. A leasing agreement is a legally binding agreement where the customer has agreed to set monthly rentals for a fixed term. If worst comes to worst and you can no longer afford the payments, you will have to terminate your lease agreement. You could also speak to your finance provider, who may extend your lease agreement for a reduced monthly cost.
If I return my lease vehicle early, will I get the initial rental back?
You cannot get the initial rental back at the end of your car lease. The initial rental is paid to the finance provider at the start of the agreement and contributes towards the cost of your whole lease; therefore, you cannot get it back.
The price of your initial rental will vary depending on which option you choose; typically, you can pay one, three, or six months upfront. If you put down a higher initial payment, your monthly rentals will be cheaper, but remember that you don't get the money back at the end of the lease.