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Anyone has experience with changing/upgrading the vehicle before lease end?
how does it work and is it worth it?
i have 2 cars both 36 month term
1 has 24 months left
another one 19 months
is it too early?
Anyone has experience with changing/upgrading the vehicle before lease end?
how does it work and is it worth it?
i have 2 cars both 36 month term
1 has 24 months left
another one 19 months
is it too early?
Some dealerships offer what's called a "lease pull ahead"
Usually i would start getting offers from my dealer on getting out of current lease and into a new one around this time. Anything is possible as dealers are always trying to make money off you. And what i've discovered is that they make a ton of money off you for a lease.
There is a reason why you are referred to as the "less ee" when it comes to things like this. With zero down financing and zero or nearly so rates which is really using other people's money, leases make less and less sense.
So you can walk away from a lease at the end of the term. If you get a good value retention car and treat is as well as you would one one on a lease, chances are better than not you'll end the financing terms ahead and after 2 years be able to sell it to get something else without penalty after all is said and done.
You're called the "less ee" because nearly everything associated with a leased car means you are getting less, not more.
Anyone has experience with changing/upgrading the vehicle before lease end?
how does it work and is it worth it?
i have 2 cars both 36 month term
1 has 24 months left
another one 19 months
is it too early?
The lease payments are calculated from the average rate of depreciation over the term, plus the cost of using the money. Since a car depreciates faster initially and slows down later, your payments you've made so far on the lease probably have not kept up with the depreciation.
If you want to change cars, you should be ready to come up with the difference. I would guess at a MINIMUM it's 3 or 4 months of payments, and I wouldn't be surprised if it's quite a bit more.
Of course if the mileage is very low you might be able to get out easy.
sounds complicated and costly
i guess ill just wait until it reaches 36 months
02-06-2015, 05:32 PM
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n/a posts
Find out how much it's worth and how much it'd cost you to buy the car. Buying it outright may the cheapest option. If you put something down you might be able to walk away from this without having to shell out more cash when you get rid of the car.
no i just wanted to lease another new car maybe different model
im happy with my lease i dont want to buy any car i will lease again when this one ends
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