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Weird Question On Switching Lease

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Old Jun 24, 2007 | 12:29 AM
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Weird Question On Switching Lease

Please pardon me if I may come off a little ignorant, I have an 07 coupe leased for 2 years 15K per year. Currently I am entering my 4th month and I have about 4500 miles. Lately I have really been feeling the new awaited G37 Coupe. You think its possible to trade my lease in for the new coupe? Or is there too much $ loss involved and not a smart idea at all? Better yet, what is the loss I am looking at say being in my 7-8th month on my lease?

Again, it seems kind of a stupid question, but I am just curious.
 
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Old Jun 25, 2007 | 12:34 AM
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Its no different than to trade in an financed car.
 
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Old Jun 25, 2007 | 12:52 AM
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You find out what the buyout on the lease is and then have the dealer appraise the car for a trade. You owe the difference and then you start over with the new car or roll in the owed amount into the figures for the new one.
 
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Old Jun 25, 2007 | 11:21 AM
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stick to your lease its only for 2 yrs.... or 20 months more to go.
by the time you are done the G37 will have better deals on it ...

the 08 might not have the deals as it is 'new'.

so instead of taking a hit on your early lease termination and no deals on the g37 (possibly) ... you might end up with a double whammy.

trey's wife's suggestion is also a good idea... but i am a little skeptical on that approach as you might end up coming under!
 
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Old Jun 28, 2007 | 10:21 PM
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Originally Posted by coolnesh
stick to your lease its only for 2 yrs.... or 20 months more to go.
by the time you are done the G37 will have better deals on it ...

the 08 might not have the deals as it is 'new'.

so instead of taking a hit on your early lease termination and no deals on the g37 (possibly) ... you might end up with a double whammy.
I totally agree.
 
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Old Jun 28, 2007 | 10:52 PM
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Early lease termination "deals" are nearly always a bad idea. I've been through it with a car or two and always decided to ride it to the end of the lease period.

Your smartest move is to stay with your 20-month remainder. However, it wouldn't hurt to get the actual facts and figures on a swap into a new G.
Personally, I'd wait, since there may be some very attractive terms on a 37 by the time you sit out your 20 months. Right now you are looking at MSRP for sure, and I would not pay a nickle more than that under ANY circumstances!

BTW, I have a 2005 S2000 that is still upside down with 11 months to go on the lease. It's not a lot into 'negative equity,' but enough to make me wait until about May of next year for my new G37 6MT.
 
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