Trade in my car for a lease - The Finance Forums

If the dealer gave you exactly 8k for the car... it will apply towards the loan you have with them. You would then have to come up with the down payment... sign-on money for the lease.

I would avoid leasing a vehicle at all costs however. It might look good on paper... but the reality of leasing is that you WILL be trapped into a cycle of making payments the rest of your life.

Usually... you will be stuck with the lease unless you trade up.. or pay very heavy fee's to get out of it.

It's not a good long term solution.

Instead.. get a set of winter tires for your current vehicle.. pay it off as quickly as possible.. then save for an SUV you want later.

Pay CASH for it, or Finance it... but do not LEASE it.

Source: http://www.thefinanceforums.com/trade-in-my-car-for-a-5597.html

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