How early can i trade in my leased car for another lease?
About a year ago i got into a ford focus 3 year lease. I'm unhappy with the car and the problems it has, etc. I'm really interested in getting a f150 or edge or even explorer, something bigger with more room. I still have two years left but i've heard that its easy to drop that lease if i lease something else. Anyone have any ideas or opinions?
On a lease you don't own the car, you have no equity, so you really have nothing to trade. You can terminate a lease anytime you want to but you will have to pay quite a bit of money to get out of your lease. Cars depreciate faster than the lease payments except near the end of the lease so until the end of the lease you owe the depreciation.
Try calling the dealership. I'm sure they have options.
Contact the company that you leased from and ask them, or read the agreement.
You need to contact the lease company. Most of the time you can get out of the lease but an early termination will cost you an extra fee and you might have additional fees on top of that to cover the depreciation. Some companies will let you 'trade up you lease" without penalty but if the car residual is worth less than you paid off then you might have to make up the difference.
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