I lease my 2013 honda. I want to buy a new one. Should I wit ttill my lease up to buy a new car?
I lease my 2013 honda.
I want to buy a new one.
Should I wit ttill my lease up to buy a new car?
Depends on your particular agreement. 'Get out' clauses on leases are usually very expensive. Some allow you to pay 50% of the remaining payments to relinquish the lease some will ask 100%…
Just out of interest (I'm about to lease for the first time). What is your opinion / experience of leasing? Obviously you are now going to 'buy', but I would appreciate your comment.
Sure you can, if you can afford it.
Well you'll have to, or either fold the still-due lease payments into your new car loan, which is a dumb idea. You have to pay off the entire lease before you do anything. The dealer will take in your trade today, but he'll pay off your lease for you and then add it to your new car loan---so you'll be so far underwater you won't see daylight for years to come.
Yes, you should wait because leasing a car is only for a period of time and it has to be returned when the period is over.
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