Can I trade in my lease car for a new car?
Can I trade in my lease car for a new car? - 1
Added (1). My current lease is ending in March 2017. I want to finance a car at the same dealership but was wondering can I trade in my lease and get money so that I can lower my finance rate. I would appropriate you guys help. I currently leasing Honda accord Lx 2014 and want to finance Honda accord Ex 2016.
Added (2). BTW once my lease ends.
You have to buyout the lease which is not cheap. Read your contract for early lease termination options. You don't OWN the LEASE car your driving. You are renting it and must return it when the lease comes to the end of the contract. You are one on the many many fools that don't understand that you are throwing your money away and you have NOTHING in the end. No. Being only about half way through your lease, you are heavily upside down and owe too much on your lease balance to make a trade practical. You will not "get money." In fact, if you wanted to do such a trade, you would have to have a lot of cash to pay off your lease balance and make it possible. When the lease is up Finish the contract and than buy a new car.
Read your contract for early lease termination options.
You don't OWN the LEASE car your driving. You are renting it and must return it when the lease comes to the end of the contract. You are one on the many many fools that don't understand that you are throwing your money away and you have NOTHING in the end.
No. Being only about half way through your lease, you are heavily upside down and owe too much on your lease balance to make a trade practical. You will not "get money." In fact, if you wanted to do such a trade, you would have to have a lot of cash to pay off your lease balance and make it possible.
When the lease is up
Finish the contract and than buy a new car.
- Will a car dealership work with me if I'm gonna lease a new car, while trading in the car I have, which has an outstanding loan against it? The car I have now has a loan against it which is worth more than the trade in value of the car by about $5000. If me and a family member were BOTH looking to lease a new car (so 2 new cars), does anyone know if a dealership will be working to work with me in any way? Also the cars looking to be leased are not high end or luxury cars, they d be coming from a dealership like Honda, Toyota, or Subaru.
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