Definitions for "Early termination charge"
If you end your lease before the end of term, you will be charged with this fee, even if the vehicle is stolen or wrecked.
This is something that you are charged if you end your lease early. Your Mercedes Maryland dealership is counting on their car back at the end of the lease term, so if you return your car late the dealership may suffer.
The amount you owe if your lease ends before its scheduled termination date, calculated as described in your lease agreement. The earlier your lease is terminated, the greater this charge is likely to be. The charge is generally the difference between the early termination payoff and the amount credited to you for the vehicle.