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General leasing question (get out of lease early)

spartan85spartan85 Posts: 37
edited November 2015 in Lexus
Is it ever a smart idea to get out of a lease early to take advantage of holiday or special pricing or incentives if you still owe a couple of thousand on your lease? I am looking at a GS now and am coming out of an IS 350 lease. No pull ahead was offered yet and not sure if it will be.

Best Answers

Answers

  • Thank you, I have 5 remaining payments of $495 each. No, I don't want any negative equity rolled into a new lease. I'll check the value to payoff as you suggested.
  • I do have low miles, not way low, but you are right I do not have any equity. The question is if someone is offering holiday lease cash that would absorb or more than absorb what I owe, at what point is it worth considering?
  • kyfdxkyfdx Posts: 120,532
    spartan85 said:

    I do have low miles, not way low, but you are right I do not have any equity. The question is if someone is offering holiday lease cash that would absorb or more than absorb what I owe, at what point is it worth considering?

    That's cash you would get anyway.... so, your loss on your current car is still the same.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • True. So you are saying better to ride out my lease and start with a clean slate even if no extra cash or not as high an amount is being offered by manufacturers down the road?
  • kyfdxkyfdx Posts: 120,532
    spartan85 said:

    True. So you are saying better to ride out my lease and start with a clean slate even if no extra cash or not as high an amount is being offered by manufacturers down the road?

    Exactly..

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

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