Tips on Buying Cars: Trading a upside down note for a a lease, 2007 mitsubishi eclipse, mitsubishi eclipse

Question
Hello, I bought a 2007 Mitsubishi Eclipse last year and now have to upgrade to an SUV because of a new baby. My question is: I owe $8000 more than it is worth now due to price deflation. Can I lease a SUV and tack the remaining balance onto it. I can afford the note and plan to refi in 4 years. Will they let me tack it on though?

Answer
congrats on the baby!! You probably can roll some of the negative equity in the deal. I do not recommend leasing because of the money you will need to put down. Say the SUV is $30,000. If credit is excellent you probaly can roll about $6000 into the deal, leaving the need for about $2000.00 more from you. You realize though your payments will be out the roof. If you can put more mone down would be better, but again, do not lease. Just my opinion. Let me know how it goes, and if i can answer anything else for you

STEVE