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any way to get down payment back?

varxtisvarxtis RosevillePosts: 1
edited December 2018 in General
My wife and I just bought a 2018 Toyota Rav4. Quite frankly we do NOT like it. We traded in our 2018 Honda Accord. We traded in the honda for the Toyota and entered a Leasing contract. We figured itd be fine losing out on a few features In place of the AWD. We have two dogs, and we want to got to the snow with them. We test drove the Toyota and thought it was great. But the more we drive it, the more we realize it doesnt have half the space as wed thought. There are other issues, but not bad. Anyway, my question: is there anyway to get out of the leasing deal and get our down payment (from the tradin) to get into a Highlander. We just got the Toyota on the 12th of Dec.

Answers

  • Mr_ShiftrightMr_Shiftright Sonoma, CaliforniaPosts: 64,490
    That's not going to be easy without undertaking a considerable loss. Have you talked to the dealer you leased from? I suppose you could trade the Rav in on the Highlander, but all the lease payments will still have to be made, regardless of what the dealer offers you in trade value. You could also transfer your lease to someone else willing to take it on, through websites like Lease Trader or similar. Of course, your lease would have to be attractive to someone, or else they'd just get their own terms, which might be better. I don't know how much equity you have in the lease (don't know the size of your down payment), so I can't say how much of a beating you'd take on a trade-in.

    Short answer -- no good options here. You may just have to ride out this lease and get imaginative about how to make the vehicle work for you. The cargo space isn't all that much greater in the Highlander with 3rd seats folded--it's about 42.5 cubic feet for the Highlander and 38.5 for the RAV.

    That's about 12" X 24" X 24" inches equals 4 cubic feet. That's maybe one small/medium dog space or two medium stacked suitcases.
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