The lease on my current car is next April. I have read many articles talking about negotiating a buyout price on the end of the lease. If I can negotiate a price lower than the current exchange value of my car, I consider doing this if you plan immediately trading it for a new car? My contract is through a major bank, are not financed through a specific distributor. My plan is likely to buy my next car instead of leasing. Moreover, all the resources out there for the estimate of “wear” charges (eg, door dents, chipped the windshield) that a leasing company could go back to?
Should I consider buying out a car lease to trade in toward the purchase of a new vehicle?
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see what you car will bring at trade by going to a dealer and get pricing on a new car that you would like to buy
First call the bank and find out the payoff amount. Then goto KBB.com and Autotrader.com to see what similar cars are selling for. If the car is upside down (negative equity) then its better to finish the lease and turn it in or transfer the contract to someone else.
You can do so at http://www.swapalease.com