Car Lease Early Termination Penalty Calculator

Car Lease Early Termination Penalty Calculator helps estimate Korea-related auto loan, secured loan, lease, residual, and early-termination assumptions in English.

Lease termination inputs

Termination burden

Remaining months

36

Elapsed ratio

25.0%

Remaining lease total

₩32,400,000

Headline penalty

₩4,720,000

Mandatory-period flag

After mandatory period

Operating recommendation

Return vehicle

Return burden

₩4,720,000

Finance burden

₩0

Related calculators

Korean car lease early termination penalty

This English guide follows the Korean calculator logic and preserves the Korean won amounts, statutory thresholds, vehicle categories, penalty rates, subsidy caps, and administrative assumptions used by the source page.

Operating lease return versus purchase

For an operating lease, the return path calculates remaining lease payments, multiplies them by the termination fee rate, adds disposal loss when residual value is higher than disposal price, adds excess mileage and damage cost, and subtracts the expected deposit refund. The default return fee rate is 30 percent of remaining lease payments.

The purchase path estimates unrecovered principal from residual value plus the remaining depreciable portion of the car price. The settlement amount is modeled as unrecovered principal times 1.10. If acquisition tax is included, the calculator applies 7 percent to the settlement amount and subtracts the deposit refund from cash out.

  • Default mandatory use period is 12 months.
  • Default operating-lease example uses KRW 50 million car price, KRW 900,000 monthly payment, 48 total months, and 12 elapsed months.
  • The default residual value is KRW 20 million and the default deposit refund is KRW 5 million.

Finance lease regulated damages

For a finance lease, the calculator estimates remaining principal unless the user enters it directly. New-car finance lease regulated damages use 103 percent of remaining principal, while used-car or refinancing lease uses 102.5 percent. Overdue interest and acquisition tax are then added when applicable.

The timeline shows the penalty at now, after 3 months, after 6 months, after 12 months, and at maturity where those points fit within the remaining term. That helps the user see whether waiting can materially lower the termination burden.