I have a car that i'm currently leasing that I'd like to trade in for a cheaper car to lower my monthly payment... is this possible..? I have 2 years left on my current lease..
2007-03-27 16:36:40 · 3 answers · asked by antivinegar 2 in Cars & Transportation ➔ Buying & Selling
YOU COULD TRADE THE LEASE IN, BUT YOU MOST CERTAINLY WILL BE UPSIDE DOWN ON THE TRADE AND THEY WOULD JUST ROLL THAT MONEY INTO THE NEW CAR. YOUR PAYMENTS WOULD PROBABLY NOT BE THAT FAR APART IF NOT MORE.
2007-03-28 07:39:20 · answer #1 · answered by mj_jll 2 · 0⤊ 0⤋
Probably, depending on the care you have given to the vehicle, and the mileage you have put on it. A leasing specialist can work it out for you. However, since the depreciation is greatest in the first year of a lease, you could find the lease trade-in is less than the lease buy-out, meaning you would have larger than expected payments on a replacement vehicle. Talk to your dealer about the possibility of your lease being transferred to someone who may be looking for a shorter term lease on the vehicle you have. That is a win-win-win situation, but there is no guarantee they will be able to find someone for you.
2007-03-27 16:43:53 · answer #2 · answered by Fred C 7 · 0⤊ 0⤋
no, when you lease you don't own the car your leasing it.... so no you cant
2007-03-27 17:28:26 · answer #3 · answered by Anonymous · 0⤊ 1⤋