Trading in a car lease?

I'm currently leasing a 2016 Toyota Corolla, it was a three year lease I have about 6 months to go. It seems pretty difficult to terminate your lease early after reading my contract. I have received a few letters in the mail from different car dealers. In the letters the different dealers have all offered to pay off what I owe in exchange for a new car from their dealership. I plan on leasing a 2017 Honda Accord. If I take my Toyota to a different dealership will I be able to trade it in? If I'm leasing the vehicle is not mine. So I do not understand the way this works can someone please explain?

Most dealerships will work with you to trade in a lease. You may still need to pay the early termination fees and whatnot, but at least the dealership will make the process as simple as possible for you.

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No dealer is there looking out for you. I sold cars in the '90s and were told to push leases. It guaranteed you were coming back at the end of the lease and you had no trade-in. We would look like we were saving you hundreds while reaping a lease that was based off full sticker price.

Ask again in 6 months when your lease is up

You can't trade in a leased vehicle. It has to go back to the dealer you leased it from at the end of the lease. If the lease terminates early you still have to return the car to them and pay the balance of the lease. The other dealerships are offering to pay that for you.

You can't trade in a leased car because you don't own it. You have to deal with the leasing company.

The dealers making offers to you are not offering a trade deal. They are simply offering to pay your remaining lease payments and return the car to your leasing company. However, being still 6 months from the end of your lease, the sum of remaining payments may be too high for the dealer to actually pay the whole thing, and he'll add that part (or all of it) back into the new lease on the new car. In other words, these offers are typically not the great deals they seem to be. The dealers are simply anxious to get you back into the market before your lease ends later.

Sure, the Honda dealer would be glad to pay off the remainder of your lease. But by doing so their cost to do so, and more, will be added to the cost of your new Accord. In other words, by doing this you will be digging your financial hole even larger.

They are called dealerships and sales people because they deal in cars and make their money by selling or leasing cars to the public. They are NOT trying to do you any favours.
Wait until this current lease terminates (or a month before) and THEN shop around the dealers to see what they have on offer.
Better still look for a good 12 -18 months old vehicle and consider BUYING that.

Nobody is going to pay off your debt. They may offer "pay it off" but all that means is they roll your debt into the cost of the new car.