How will dealer factor in paying my old lease?

FrcC1928

I am looking to replace my current lease for a new one. I still have about 9 payments that total near $2500. Dealerships have said they will purchase my current lease or pay off my remaining lease payments, I am assuming to return the vehicle, if I lease the new vehicle with them. How will the price paid to either buy my vehicle or pay my remaining lease payments be factored into the new lease?

kyfdx

FrcC1928 said:

I am looking to replace my current lease for a new one. I still have about 9 payments that total near $2500. Dealerships have said they will purchase my current lease or pay off my remaining lease payments, I am assuming to return the vehicle, if I lease the new vehicle with them. How will the price paid to either buy my vehicle or pay my remaining lease payments be factored into the new lease?

That money will likely come out of your pocket, one way or the other. Either as a straight addition to the CAP cost, or a higher selling price than you would otherwise be able to get.

Some makes might have a "pull ahead" program (for the same make), but those are usually restricted to 3-6 months, maximum.

It's no different than trading in a car that is worth less than the loan payoff. It gets added to your cost.