You are at the end of your lease and you would like to trade for a new vehicle You should determine the trade value of your vehicleVehicle Trade In Values) and compare that with the lease end residual valuepurchase option value) in your lease contract. Here are the many reasons you should never lease a car Why You ShouldAlmost) Never Lease A Car the car or apply the trade in value toward your next.
A car dealer will be just as willing to take a leased car in trade as it will for a vehicle with an existing conventional car loan With a leased car to trade, the dealer actually has more options to get the potential buyer out of the lease and into a new car. Under the right conditions, buying your leased car at the end of its term makes sense Here are five reasons why you should consider it.
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Your lease contract will have a payoff value, which is the current cost to terminate the lease When you trade in your leased car, the dealer- any dealer- will pay off the lease and the cost of the payoff goes against the trade in value of your leased vehicle. 1 Sell your leased car and get a check You can take your car to any dealer, not just the one where you arranged the lease, and let the dealer buy the car at the trade in price You can find that price in the Edmunds TMV pricing The dealer will pay the leasing company what you owe and give you a check for the equity.
Jul 30, 2010 Hi Say you owe money on the vehiclemaking car payments) and you want to trade it in for leasing a new car at the dealership Can you do that.