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Mdolph6
So in Love....
Member since 3/07 1622 total posts
Name:
A Family of 4
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Anyone know anything about returning a leased car early??
Can you do it, or do you have to pay a huge amount of money to get out of it??
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Posted 6/11/08 10:11 AM  |
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MrsBlueSash
Love my sailor
Member since 6/05 5793 total posts
Name:
Christian
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Re: Anyone know anything about returning a leased car early??
You may not have to pay fees if you lease another car of the same or greater value from the same place.
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| Posted 6/11/08 10:25 AM |
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MrsM-6-7-08
<3
Member since 8/06 4249 total posts
Name:
Nicole
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Re: Anyone know anything about returning a leased car early??
It depends how early
My friend is allowed to turn hers in 2 months early
My sister wanted to turn hers in very early, she had 17 payments left
and they wanted to charger her a rediculous amount of money so she ended up keeping and waiting it out
They both have Audi's
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| Posted 6/11/08 10:28 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Anyone know anything about returning a leased car early??
I turned a car in 2 years early
in was a lemon
and I had to upgrade to get out of it
ETA- I think I can normally turn it in 3 months early-
Message edited 6/11/2008 10:28:38 AM.
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| Posted 6/11/08 10:28 AM |
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curliegirl
He's here!!!!
Member since 3/06 10128 total posts
Name:
Gina
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Re: Anyone know anything about returning a leased car early??
How much time do you have left?
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| Posted 6/11/08 10:29 AM |
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Mdolph6
So in Love....
Member since 3/07 1622 total posts
Name:
A Family of 4
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Re: Anyone know anything about returning a leased car early??
Posted by curliegirl
How much time do you have left?
We have 2 years left.
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| Posted 6/11/08 10:35 AM |
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toni-mike
???????
Member since 10/07 1196 total posts
Name:
Toni
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Re: Anyone know anything about returning a leased car early??
Posted by Mdolph6
Posted by curliegirl
How much time do you have left?
We have 2 years left.
I just looked into this as well, I lease a Avalanche, ughhh the gas is sending me to the poor .. Its thru gmac & I was told when i have 6-8 months left to go to a gm dealer & they have a program called "trade up" where u can turn in the lease early , as long as u get into another gm vehicle , & they wont penilze you for doing so . I belive with any lease when u have alot of payments left , they hit you hard to turn it in early. Thats what stinks about leasing, but the payemnst are so much less when you do,,
maybe call the financing company & speak to customer service & ask them if they have such a program or something similar,,
HTH
hth 
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| Posted 6/11/08 10:56 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Anyone know anything about returning a leased car early??
Posted by toni-mike
Its thru gmac & I was told when i have 6-8 months left to go to a gm dealer & they have a program called "trade up" where u can turn in the lease early , as long as u get into another gm vehicle , & they wont penilze you for doing so .
just do your research and make sure you WANT another GM car
don't just lease another one to get out of this one alittle early
I don't regret doing it- b/c my car had so many issues- but my only option was to trade up- at the cost of $200 more a month
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| Posted 6/11/08 11:01 AM |
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CunningOne
***
Member since 5/05 26975 total posts
Name:
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Re: Anyone know anything about returning a leased car early??
deleted
Message edited 10/8/2008 11:25:53 AM.
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| Posted 6/11/08 10:00 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Anyone know anything about returning a leased car early??
my parents neighbors couldn't get out of it. they would have had to pay the remainder of the lease anyway.
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| Posted 6/11/08 10:02 PM |
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BabyBoy
is Skylar Elizabeth
Member since 5/05 4189 total posts
Name:
Tom
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Re: Anyone know anything about returning a leased car early??
Posted by SweetestOfPeas
my parents neighbors couldn't get out of it. they would have had to pay the remainder of the lease anyway.
This is correct...
Fee's are one thing, paying your remaining rents is another thing.
A dealer "can" roll over remaining rents (they would pay off the bank) and finance that into your next vechicle. and some fees could be waived (depending on make) if you buy or lease another vechicle.
as of now, you own them 24 months x $XXX payments. If you turned it in, you still owe that sum.
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| Posted 6/11/08 10:31 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Anyone know anything about returning a leased car early??
Reason number one why I never lease. You have absolutely zero flexibility if you need to get out of a car and sell it.
If you finance you can trade it in and you get a sales tax break on your next car.
And yes even though they may let you trade up into a new lease, they may just be waiving the penalties. They may very well roll over your remaining lease payments into your next car and that would be a horrible move.
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| Posted 6/12/08 9:58 AM |
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JenMarie
One day at a time
Member since 11/07 7397 total posts
Name:
Jennifer
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Re: Anyone know anything about returning a leased car early??
Don't do it. My DH turned in one lease early and leased another vehicle. His payments on the new vehicle were $700/month because they rolled the remaining lease payments into the new lease. It's really not worth it.
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| Posted 6/12/08 10:10 AM |
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mommy2bella
Where does time go?
Member since 12/05 9747 total posts
Name:
Kelly
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Re: Anyone know anything about returning a leased car early??
I know that there are reputable places online that will help you "sell" your lease to someone that takes it over.
My old roommate did that when she moved into the city.
I actually just saw a consumer report about this on the Today show too.
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| Posted 6/12/08 11:04 AM |
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1stimemom
Love my boys
Member since 2/08 8766 total posts
Name:
Mrs Dee
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Re: Anyone know anything about returning a leased car early??
I am in the car business. You can trade in the lease, just the same as you would trade in a financed car. Call the bank and get a payoff or buyout $, then have the dealer appraise the car. If it is not that big a difference, you can do it.. It all depends on the car. Good luck and you can FM me if you have any questons
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| Posted 6/12/08 11:16 AM |
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1stimemom
Love my boys
Member since 2/08 8766 total posts
Name:
Mrs Dee
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Re: Anyone know anything about returning a leased car early??
Posted by ave1024
Reason number one why I never lease. You have absolutely zero flexibility if you need to get out of a car and sell it.
If you finance you can trade it in and you get a sales tax break on your next car.
And yes even though they may let you trade up into a new lease, they may just be waiving the penalties. They may very well roll over your remaining lease payments into your next car and that would be a horrible move.
Totally not true at all. You have the same flexabitity if not more 
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| Posted 6/12/08 11:17 AM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: Anyone know anything about returning a leased car early??
Posted by Beth1210
.
just do your research and make sure you WANT another GM car
don't just lease another one to get out of this one alittle early
I don't regret doing it- b/c my car had so many issues- but my only option was to trade up- at the cost of $200 more a month
I am quoting myself- b/c I want to add- I did not roll the payments from my first lease into my second
I leased a more expensive car
they waived the bank fee
but my situation was different- my car was in the shop every other week - the car marker purchased my car back from the dealer
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| Posted 6/12/08 11:20 AM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Anyone know anything about returning a leased car early??
Posted by 1stimemom
Totally not true at all. You have the same flexabitity if not more
Ok i'm listening. Tell me how you have more flexibility turning in a lease that's barely a year old over financing?
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| Posted 6/12/08 1:06 PM |
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toni-mike
???????
Member since 10/07 1196 total posts
Name:
Toni
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Re: Anyone know anything about returning a leased car early??
Posted by Beth1210
Posted by toni-mike
Its thru gmac & I was told when i have 6-8 months left to go to a gm dealer & they have a program called "trade up" where u can turn in the lease early , as long as u get into another gm vehicle , & they wont penilze you for doing so .
just do your research and make sure you WANT another GM car
don't just lease another one to get out of this one alittle early
I don't regret doing it- b/c my car had so many issues- but my only option was to trade up- at the cost of $200 more a month
just saw this,, thank you,, yes i have been ,, i like the caddy , thank god that gm
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| Posted 6/13/08 4:58 PM |
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