Best Way to get out of my SRX lease

Ask the Hackrs
1

So I have 7 months left on my SRX. I thought I did a 15k per year lease, but instead did a 12K. I am about 1200 miles over right now. I know it will cost me a little bit of money to get out.

Any advice on getting a better deal on 1 vehicle over another? I am looking for a SUV/Crossover bigger than the SRX but do not need a third row.

Cadillac has a lease pull ahead offer for 4 months early, but the wife doesn’t want another Caddy.

Any exceptionally good offers out there that might help me? I am in Michigan.

2

Toyota highlander xle

3

So I take it good deals are to be had? I don’t want to roll negative equity into the new car.

Also, I believe my dealer buyout will cost more than the lease turn in. How should I handle that?

4

You have a few options.

  1. wait a few months go to a dealership with cadillac and another gm product and try to get them to waive the payments by leasing another gm veichle, not necessarily a cadillac, possibly an Acadia denali.
  2. Sell the veichle
  3. pay the penalties
5

Yes the Toyota Highlander XLE is an SUV that is leasing well and you would be able to roll in negative equity/additional payments to still get a good payment.

7

We like the Highlander better than the Acadia. Acadia is a better deal especially with GM Employee discounts available.