I have another year left on my BMW lease and the payments are just too much for me now. I want to get either a new or pre-owned Honda or Toyota (for much cheaper payments). Does that work? Or do I have to go back to BMW only if I want out of the lease? I don't mind paying the 12 months wrapped into my next car I just want my monthly payments down significantly.
Can I trade in my BMW lease early at a Honda dealership?norton internet security
Here is a link that will answer your question.
http://www.insidercarsecrets.com/trading...
You might want to try re-negotiating the lease instead. You'll be way too upside down in such a deal, especially buying a cheaper (used!) car. There is no way you will reduce your payments that way.
Good luck.
Can I trade in my BMW lease early at a Honda dealership?spyware remove
You can try but odds are you will owe much more than the car is worth. Leases arent meant to be broken. Call BMW and find out what your pay-off is, compare that to trade in value and thats the difference you will have to finance or pay cash to satisfy. In my experience as a car salesman it is very difficult to do unless you are willing to shell out some big money or roll the balance into your next car payment which really would defeat the purpose of buying a less expensive car wouldnt it?
Welcome to the credit trap. Sell the Beamer for what you owe on the lease or more if you can get it and buy a vehicle that you can pay cash for..
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