trade in a lease car? lose money?? helppppppppppppppp?
how does trading in a car work. i have a leased car for which I have had for about a year and I have a 3 year lease on it. how can i trade it in.. i know i will be losing money and if i could know about how much I would lose that would be great also. the down for the car was 0, with fees about 400 while monthly it is 265. (what would i need to do step by step to get this trade in accomplished. thanks)
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You signed a binding contract when you leased it. You owe all the payments.
What you are wanting to do is cancel the lease. There is usually a penalty for that .
Then you have no vehicle so now you will have to buy or lease another vehicle.
Best to go talk to the dealer you leased it from .
And when this lease is done, do not lease agin, always buy.
Take it back to the dealership where you got it and bend over.
You don't own the car, it's just a rental. Breaking lease can end up being pricey too, so you'll just have to swallow the cost if you can't lease it anymore. Don't expect much less from Zero-down.