Can I Trade-in my lease car for an accord at the end of my lease?

Answers

• Michaell Moderator Posts: 241,012

  August 2019

  dcyuen said:

  Hi guys,
  
  My lease ends July2020. I'm currently leasing a 2017 Toyota Corolla IM. How does trade-in works if I end up with an Accord LX at the Honda car dealership? If yes, how much do they usually offer if I buy a car from them? Thank you! Also, best time to shop for a car is before New year or after? I wouldn't mind 2019 or 2020. Thank you!
  
  Best,
  Don

  Most leases are not set up in a way where you have positive equity at the end. My suggestion would be to simply turn in your Toyota, then lease the Honda as two separate transactions.

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• dcyuen Member Posts: 5

  August 2019

  Hi Michaell, I appreciated for your input. It's going to be my first time purchasing a car, super excited...

  0
• Michaell Moderator Posts: 241,012

  August 2019

  dcyuen said:

  Hi Michaell, I appreciated for your input. It's going to be my first time purchasing a car, super excited...

  I get it. I leased a car 3 years ago, and within 6 months I was test driving possible replacements....

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  Did you get a good deal? Be sure to come back and let us know! Post a pic of your new purchase or lease!
  
  
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  2015 Subaru Outback 3.6R / 2014 MINI Countryman S ALL4

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