Lease Coming to an End.

adecoteau

Hello, everyone I have a 2012 Acura TL Tech Lease that is coming to a end.
I was crazy to due a 18k lease because I use to drive a lot. I changed jobs 3 months into the lease that did not require a lot of driving. At the current time I have 34,900 miles and the lease expires in October. I got a card from Acura to turn in the lease early and jump into a new lease. Is their anyway I can use the unused miles to my advantage in dealing with the next lease. The next lease I am going to do a 12k a year lease on probably on a MDX. I know I got a bad deal. I remember I can take 15K miles into the next deal I believe. HELP

Michaell

adecoteau said:

Hello, everyone I have a 2012 Acura TL Tech Lease that is coming to a end.
I was crazy to due a 18k lease because I use to drive a lot. I changed jobs 3 months into the lease that did not require a lot of driving. At the current time I have 34,900 miles and the lease expires in October. I got a card from Acura to turn in the lease early and jump into a new lease. Is their anyway I can use the unused miles to my advantage in dealing with the next lease. The next lease I am going to do a 12k a year lease on probably on a MDX. I know I got a bad deal. I remember I can take 15K miles into the next deal I believe. HELP

There are two options available to you at the end of your lease:

1. Turn the car in and lease another car .. there is no credit for the low miles you drove
2. Trade the car in early and use the positive equity (if you have any) to help offset the costs of the new lease. Get the payoff value from AFS and then head over to the "Real World Trade in Values" discussion here at Edmunds to get a good sense of what your car is worth.