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Roll the remaining payments into a new lease and see if the numbers make sense.
Generally there are two ways to terminate a lease early. Get a payoff from the lease company and compare that to the actual trade in value, or what's usually cheaper, but not always, is to make the total of the remaining payments.
In most cases you owe the remaining payments, and the disposition fee, whether you keep the car or not, a tough pill for most folks to swallow. I've rarely seen the payoff vs trade in value be the less expensive optin.
After you figure which is cheaper, this amount is added to the new lease. You'll still be getting a hefty discount and whatever balance you are carrying forward will be at a super low rate. And the numbers just might work for you.
posted by 63.197.222...
Posts in this Thread:
- Gettin' got better......., Mike Lynch
, Sat, 17 Jul 2004 11:23:56- Saab planners at Aero Academy said, awg, Sat, 17 Jul 2004 21:51:56
- 8 more lease payments, not_too_shabby, Sat, 17 Jul 2004 13:27:48
- Roll 'em....., Mike Lynch
, Sat, 17 Jul 2004 14:06:35 <-- Viewing This Message
- Thanks Mike. Any details available? nm, BrianD, Sat, 17 Jul 2004 12:10:39
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