Car Buying Advice - Lease Pull Ahead worth it?

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  Michaell Moderator Posts: 241,337

  March 2017 Answer ✓

  xkind said:

  I'm getting ready to trade in my 2014 volt for a 2017 (or 2018). My lease payments are due on the 19th of each month. I just checked my Ally account and saw that my automatic payment went through on the 15th. I have 4 more left. My last is in July and my lease is up Aug 18th.
  
  The dealership keeps wanting me to do a pull-ahead. I don't care much about having the new model early; I just care about saving money. I came in once, but they didn't have the car I wanted: a white 2017 LT. Now they have it, so I'm thinking of coming in again.
  
  The residual on my lease agreement is $21,600. The balance left on my lease is $1,136.
  
  I'm way under miles (22k out of 30k).
  
  Is there any way it could make financial sense to turn in the lease early and start a new one? Will I lose out on any incentive money if I do this? The salesperson also said I'd get a better deal this quarter, i.e. before 3/31.
  
  Any ideas?
  
  

  Forget about the remaining payments - your current car has a payoff value and a trade in value. You need to know what those numbers are before making any decisions.
  
  Call GM for the payoff. Head over to "Real World Trade in Values" to get an honest appraisal of your trade. Or, if you have a CarMax close by, have them evaluate your trade.
  
  Once you know where you stand (positive or negative equity), you can make a decision about what to do.
  
  Generally, it's best to ride out your lease to the end, then pull the trigger.
  
  Dealers will say whatever they think will get you into the dealership and buy/lease something new. Nobody knows what the numbers will be after this month.

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