Simple lease question

[Mustangfirefighter]

So im probably gonna get lit up for this, but anyways. Is there a way I can walk back into my ford dealership with my lease and start a new one on a different mustang? Is that possible?

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[Maggneto]

Of course you can, but be prepared to get bent over the desk.

 

[Mustangfirefighter]

So in essence not worth it?

 

[thxultra]

So in essence not worth it?

Usually you will get nailed. When you lease a car you pay mostly interest up front so the principle owed on the car doesn't go down much. For what it is worth people trading in their one year old Mustangs for another car are all taking a massive hit on depreciation. Financially it is better to enjoy what you have!!! When you are a few months from your lease end trade it on on another. That is the good thing with a lease you only have it for a short time

 

[Maggneto]

So in essence not worth it?

There are too many unknowns to comment on whether or not it's worth it. We trade my wife's lease every 2 years, usually during a big sale to lesson the financial damage. No money down and walk out with a new payment.

 

[VinnAY]

Lease or not, assuming some basic info you're upside down on it and will get bent over with depreciation. As said above. You've got to trade out of that one, and take the loss, then start a whole new deal on another car.

 

[Chameleon]

Sure, bring vasoline.

 

[timd38]

Let me put a more positive spin on this. My daughter drives about 6,000 miles a year and leases high end cars and gets a deal because of the low mileage and they are always trying to get her to turn her cars in early to lock her into another lease.

I don't think it will be as bad as you think, just don't act too eager!

 

[WHealy]

Another option is to check leasetrader.com or swapalease.com. You can offer your lease for "assumption". You may need to add cash to the deal to make the lease more attractive than what someone can get new. Could be less than trading it in.

 

[CB]

Sure, bring vasoline.

Now this is totally uncalled for. Use KY, it's water soluble.

 

[2016Mustang]

Of course you can, but be prepared to get bent over the desk.

:lol:

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