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Asked: Mar 19, 2008 - 01:07 PM

Status: Closed

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petp

My lease is due this summer....I'd like to re-lease my car

would it be smart to release my car when the lease is up this summer. ive had it for 3 years and havent had a problem so id like to keep it for another year or two.

can i assume that my current monthly payment will DECREASE if i do so...or will it stay the same. any possibility the monthly payment will GO UP?


In Buying & Selling > Car Leasing
1 answer - 206 days ago

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jmorrow

Date: Mar 19, 2008
Time: 09:02 PM

It all depends on who you lease is with, there all just a little different. But what normally happens is you have to refinance the remaining balance. If your credit is the same or better it will not go up much, but if its gone down your interest rate will drastically change. You should talk to your sales consultant or the company you are on a lease with they mostly like can not grantee financing but will be able to point you in the right direction. I would call and get a pay off and go to a bank and get a payment range. I sell a lot of cars on the lease program it is great.

Source: Jeep sales

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