Your experiences in trading in a leased car for another mode

**nem** · 02-28-2005, 03:07 PM

I currently lease my '03 Celica GT. I'm on a 3 year lease with a year to go. I want to either move into an IS300, WRX STI, or a S80T Volvo. What are your expierences with breaking your lease and buying another car. Does the dealership your buying the new car from payout the remaining lease? Or do you take a bath with all the penalties, etc??

TIA

**Pineapple** · 02-28-2005, 03:10 PM

www.leasebusters.com or something like that.

**Burrcold** · 02-28-2005, 03:28 PM

leasebusters worked for me...dealerships however, will give pay you whatever the wholesale value of your car is and expect you to pay the remainder of the buy out price...or they will just incorporate it into the price of the new car.

**RN2NVS** · 02-28-2005, 03:47 PM

generally speaking your buyout option is less then the value of the new car
so they give you a certain price

so they give you $20,000
you have $18,000 on your car
you know have $2000 to take cash or roll into a downpayment

works opposite if you owe more then they are giving you
they can buyout the lease then add 2000 to your new car payment whether it be the down payment or spreaded over the monthly payments

in most cases they are going to buy the lease out for you
so they do the paper work and bs and you just have to worry about the money
and then new car agreement

**Pineapple** · 02-28-2005, 03:52 PM

Most dealer will add a few hundreds or thousands before they work out monthly payment. Its hard to tell unless you know how to work out interest.

**RN2NVS** · 02-28-2005, 04:00 PM

there is a computer program that you can calculate your interest

**Pineapple** · 02-28-2005, 04:07 PM

^ I got a excel file for that.
Just looking at the site. Some people got rip big time. They're paying more then the car's worth in lease.

**nem** · 02-28-2005, 04:43 PM

I put a big down payment on it, and am almost 2/3 over on my lease. Hopefully, I won't get dinged too much if I go to a lexus.

**Diesel Dud** · 02-28-2005, 06:10 PM

Quote:

Originally Posted by Pineapple

^ I got a excel file for that.
Just looking at the site. *Some people got rip big time. *They're paying more then the car's worth in lease.

how stupid can they be

**RN2NVS** · 02-28-2005, 06:22 PM

ud be suprised
i saw a shitload of cars on leasebusters
that end up costing more then buying the same car brand new

02-28-2005, 03:07 PM	#1 (permalink)
nem Posts: 291 Join Date: Oct 2003 Last On: 06-03-2008 11:05 AM	Your experiences in trading in a leased car for another mode I currently lease my '03 Celica GT. I'm on a 3 year lease with a year to go. I want to either move into an IS300, WRX STI, or a S80T Volvo. What are your expierences with breaking your lease and buying another car. Does the dealership your buying the new car from payout the remaining lease? Or do you take a bath with all the penalties, etc?? TIA

02-28-2005, 03:10 PM	#2 (permalink)
Pineapple Location: Toronto Posts: 4,296 Join Date: Jan 2004 Last On: Today 06:47 PM	www.leasebusters.com or something like that. __________________ http://photos.yahoo.com/fredericklaw http://members.rankmyride.com/pineapplelaw

02-28-2005, 03:28 PM	#3 (permalink)
Burrcold Location: Toronto Posts: 6,422 Join Date: Oct 2003 Last On: Today 09:10 PM Vehicle: 08 Lexus IS250 2nd Vehicle: 08 Acura CSX	leasebusters worked for me...dealerships however, will give pay you whatever the wholesale value of your car is and expect you to pay the remainder of the buy out price...or they will just incorporate it into the price of the new car. __________________ Sold: 2004 Infiniti G35C

02-28-2005, 03:47 PM	#4 (permalink)
RN2NVS Moderator Location: Toronto Posts: 10,244 Join Date: Aug 2003 Last On: 06-30-2008 09:41 PM	generally speaking your buyout option is less then the value of the new car so they give you a certain price so they give you $20,000 you have $18,000 on your car you know have $2000 to take cash or roll into a downpayment works opposite if you owe more then they are giving you they can buyout the lease then add 2000 to your new car payment whether it be the down payment or spreaded over the monthly payments in most cases they are going to buy the lease out for you so they do the paper work and bs and you just have to worry about the money and then new car agreement __________________

02-28-2005, 03:52 PM	#5 (permalink)
Pineapple Location: Toronto Posts: 4,296 Join Date: Jan 2004 Last On: Today 06:47 PM	Most dealer will add a few hundreds or thousands before they work out monthly payment. Its hard to tell unless you know how to work out interest. __________________ http://photos.yahoo.com/fredericklaw http://members.rankmyride.com/pineapplelaw

02-28-2005, 04:00 PM	#6 (permalink)
RN2NVS Moderator Location: Toronto Posts: 10,244 Join Date: Aug 2003 Last On: 06-30-2008 09:41 PM	there is a computer program that you can calculate your interest __________________

02-28-2005, 04:07 PM	#7 (permalink)
Pineapple Location: Toronto Posts: 4,296 Join Date: Jan 2004 Last On: Today 06:47 PM	^ I got a excel file for that. Just looking at the site. Some people got rip big time. They're paying more then the car's worth in lease. __________________ http://photos.yahoo.com/fredericklaw http://members.rankmyride.com/pineapplelaw

02-28-2005, 04:43 PM	#8 (permalink)
nem Posts: 291 Join Date: Oct 2003 Last On: 06-03-2008 11:05 AM	I put a big down payment on it, and am almost 2/3 over on my lease. Hopefully, I won't get dinged too much if I go to a lexus.

02-28-2005, 06:22 PM	#10 (permalink)
RN2NVS Moderator Location: Toronto Posts: 10,244 Join Date: Aug 2003 Last On: 06-30-2008 09:41 PM	ud be suprised i saw a shitload of cars on leasebusters that end up costing more then buying the same car brand new __________________

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