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Are you saying it will cost you 11,500 to drive this vehicle for the next 15 months? 767 per month, is that right? On the other hand, 4,200 for 15 months would be 280 per month plus mileage and no car to drive. How much extra for the mileage if you got out? Will you need to borrow the money to get out of it? If so you have to consider the interest and total cost of the loan. What will you do for transportation untill you save up the money for another car? These are things you must think about before a decision is made. Put it all down on paper, one side if you stay in the lease verses the other side if you stick with it. Financing or leasing a car is one of the worst financial decisions you can make, I know that will rub people the wrong way, but that is my opinion, free of charge and worth every penny ;)

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I'd suggest that you look into selling your lease to http://www.leasetrader.com/ or one of their competitors. Just google "lease trade". I haven't used them but I have read about them. They may save you money.

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So I believe what you are saying is that you drive SO MUCH that you will pay $4200 in payments plus either $300 now for the miles or over $7k in miles at the end of the lease.

In which case, I would say "yes" get out of it now. However, paying $4500 may or may not be necessary. The other option is to simply trade it in. The difference between its trade-in value and the buyout may not be as much as all the remaining payments and mileage charges.

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A friend of mines actually referd me to a free posting site. whereby you can post your lease. I put up my car on there , really easy to use actually..so far i have 2 messages. check it out.

Visit carleasdepot.com
I used this promo code CLDTT10 to get a 10% discount , see if it still works.

Source: http://www.carleasedepot.com

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You can always attempt to trade in the leased vehicle on something else. If you aren't too far upside down, you might be able to work a deal, especially if the vehicle you are trading for has a large rebate or dealer cash incentive. Nothing prevents you selling or 'trading in' a leased vehicle as long as the lease gets paid off' as a result of the transaction. Just be aware you could be stuck in the new vehicle for awhile, as you might have to add extra onto the contract to get out of the lease. It's CRITICAL that you get an extremely good deal on the new car to make this work.

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