You can do it, but you?re going to pay a small fortune. The leasing dealer will take your remaining balance on your current car and fold it into the lease payments on the new car. So you?ll be paying principal on the old balance, plus interest, plus the leasing fee. In addition, they?ll give you rock bottom trade in price for the car. Bottom line, you?re going to get screwed doing it that way.
You?re better off going to a bank and seeing if they will lend you the money to pay off the existing loan, while extending the loan period to lower your monthly payments.
There?s no free lunch.
Rick
I?m a retired ASE Master/L-1 Technician. I still keep current with the latest automotive technology. Visit my blog for cool articles and TSB?s: http://free-auto-repair-advice.blogspot.com
Source: http://forex.solve-up.com/forex-online/can-i-trade-my-car-in-from-a-finance-to-a-lease/
chrome for android hatchet leah messer freedom riders 9th circuit court of appeals gisele bundchen tom brady randy travis arrested
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.