Tips on Buying Cars: Early Lease Turn in, leasing, financing


Question
I know this sounds crazy but I would like to turn in my lease early.....Approximately 8 months early, I would not mind continuing the payment, but would a dealer 1) accept it and 2) cut any deal as far as cut the contract early to be able to turn around and sell the car. My husband will be gone and there is no need for 2 cars, more hassle and worry so it would be best for me to turn it in......what do you think?

Answer
Melissa,

First call the bank that is carrying the note and ask for a payoff.
What it will be to payoff the vehicle. Then find out what the vehicle is worth. You may be able to sell it for what you owe.

You can't just turn it in without paying the remaining payments. And some lenders won't even take it back if you make the remaining payments.