Can a lease be repaid early?

Early buyout of the leased asset is possible under the following conditions:

• if the lessee has available funds and wishes to reduce the overpayment under the agreement;
• if the lessee needs to urgently transfer the asset into the company's ownership;
• if there has been a significant change in the terms of use of the asset.

Early termination of a leasing agreement by the lessor occurs if the client violates the insurance rules or regularly allows payment delays.

In the event of an early buyout, the amount of the buyout price of the leased asset will depend on the contract terms. Usually, termination of a leasing agreement implies that the client will cover all remaining payments. The amount of the buyout price may be increased due to deviations from the contract terms.