How to lower my leased car monthly payment?
I leased a Ford Fiesta 7 months ago. I feel I'm paying too much for it! $240 a month.
My credit card and purchasing power are both better now; Is there a way to get my monthly payment lowered? If yes, how?
No, you already negotiated your payment amount before you signed the contract. You don't get to go back and renegotiate it now.
You can't your trapped.
Leases can't be renegotiated.
Pay cash for cars, always.
Ms. Sarah, this is tragic that you think that you can ask third parties, specially invisible people online, as to the details and specifications of a contract you have entered with a leasing company as to a car. Very illogical and immature. Besides, what is too much as to $8.00 a day? New car, new everything, excellent warranty and no worries as to service for the term of the lease. Sweet deal. I'm sure you go the most expensive Fiesta because most people. This is a very fuel efficient car and with the latest engineering and electronics. How could you have done better? Some poor kid just yesterday wrote about a 2003 car he purchased, of a value of $5,000, with a $1,000 trade in and his payment was $320! He got ripped off badly. The interest rate was 100%. You best count your blessings. Save up for the next with all of the savings this car is giving you.
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