question about lease vehicle?

Question

I leased a vechicle with a 3 yr agreement ,cost has become expensive I want to trade vechicle in for a cheaper vecicle I have had the car for 11months now is it possiable to do through the dealership?

Answer 1

It will cost you a ton to break the lease...at least a couple thousand which make the cheaper car much less cheaper. I'd keep the lease.

Answer 2

If you like the car call the dealer and ask what the early buy-out price is. Then get the money at your local credit union and pay it off (you may save some money by getting lower interest - leasing a car is the most expensive way to get a car).

You can also trade it in - the dealership will take over the lease, but only they can give you the #s, so you will need to go there and talk to them.

Either way you have to pay, so learn your lesson - never lease a car again!!!!!!

Answer 3

Most leases come with an early termination fee, that typically is expensive.

Try selling your lease on a site like:
http://www.swapalease.com
http://www.leasetrader.com

A lease agreement should not have changed from your original agreement, so I'm not sure how it has become more expensive now than what it was 11 months ago. Are they changing lease terms on you?

Answer 4

Usually is possible, the dealership where you are trading your car in for another will, just act as though you have aloan on your vehicle and will refinance the excess amount on your leased vehicle to the new vehicle you wish to buy

Answer 5

You can do it but it will cost you a lot of money to terminate that lease early.

Whatever you do DO NOT get into another lease. Buy your next car.

Answer 6

well, first all leasing a car is good when its for business use. but for personal use, dont ever lease...finance only! u figure, all the money that u have or will be paying for the car, just to return it for another one?! come on!!!! if you like giving away money, send some my way!!!! besides, if u damage the car, u pay the repairs urself!!! no warrantees!!!!