So Ms phalbasch is not happy with her Lexus and would rather just dump it than holding onto it until the lease is up.
Her lease is cheap, $399 a month for an IS200t FSport (2016 - 36 month lease, 12k miles a year).
Originally leased Sept 2015)
What kind of options does she have?
I only know of 2 options…
-Try to sell it, pay it off and eat the loss in value.
or
-Listed on swaplease (or a similar competitor) and throw in some incentives if need be to get it off your driveway quickly.
There are some more experienced users who might have some additional insight.
Thanks! WIth it being down to 12/13ish months left, i think she will just grunt about it for 6 months and then just do one of those pull ahead leases with a different company or just tough it out, its not like its a bad car, just some unfortunate stuff happened with it.
You could always go the stop paying the lease and let the repo man take it route, if you don’t mind the credit destruction.
Not saying it’s the best option, but it is AN option.
haha, no no, funny but no point in ruining your credit over < $5k lol
It’s situations like this, where all else being equal, if you have a choice of low residual / low MF or high residual / high MF, go for the low/low option. Then if you have to get out of the lease early, you’ll be better off. High residuals are great for low payments but sucks if you want out early.
Sorry did I misread the original post… thought it was a 36-month lease and you picked it up last October, meaning you still have 24/25 months left.
Sorry, you were correct (i put 2016 and it was 2015), but i checked and she let me know it was Sept of 2015.
I believe she is at highish residual, .00125 MF and they dropped the cost of the car A LOT to get the payment down to $399 all in ($2k down). We should have done MSD’s but she didnt want to. I think the problem with dropping the car down is that you arent paying into the car very much which means at the end of the day (or end of the lease) you almost have to turn the car in or pay a big note at the end.
As with much of life, this comes down to a math problem.
What’s the buyout?
What’s the realistic amount you could sell it for?
Take the difference and divide it by the number of hours you won’t have to listen to your wife complain.
If it’s under $100/hr, do it. 
you’re probably at a good trade in point … you’ll be able to get some equity out of it too. Look at what the cars with similar mileage and age go for and then ask for a trade in appraisal.Do the silly thing and get a KBB buyout quote so you have the general idea (floor) of the value.
I bet you’ll be getting out of it with positive equity.
What kind of car are you looking for? Volvo is currently offering a 6 month pull ahead to competitive brands including Lexus, I believe.
If you need out of your vehicle lease, please call me directly at 866-792-7669 ext 2007. My name is Kaz and I’m a Senior Account Manager at Swapalease.com. I’m more than happy to answer your questions and help you exit your lease. Thank you for your time