Hi
I have nissan rogue still 29 months remaining out of (36 months contract). I’m paying 339 per month… I did not know about this forum so I stupidly signed up for that price…
Now I have the option to get another car at 130/pm. so I want to get your view is there any way I can get out of the current lease ? and is it worth ? If i have to get out of lease what options ?
please suggest.
thanks
Yes getting out of a stupid lease is easy. Let us say one day you visited a bad neighborhood and forgot your keys in the car? Happens to all of us.
*Disclaimer - not legal advice.
Try to sell it either to a third party or the dealership, then do the math and you will know if it’s worth it.
First of all a lot of missing information. Do you know your payoff? Ask the bank for dealer payoff because they subtract the tax that way. What is the value of the car you can get from a dealer? Then you can make a decision.
Thanks all for the advice… here are some details
Dealer Pay off quote amount of $21,937.25
RV : $15,100
Disposition Fee : $395
Find out the payoff amount first, then try one of these three options and see if what you can get meets or exceeds the payoff amount, then you’re good. If it’s less, then you have to pay the difference out of pocket.
Three ways to get out:
take it to carmax and see what they offer
trade it in for another car and see what the dealership is willing to pay for your car
try to sell privately (your best chance for achieving the highest price, also the most difficult)
With that being said, it is highly unlikely given the info you provided that youre not upside down after only 7 mo into the lease. I doubt you can get out without some sort of monetary hit.
Is this a base S trim? Did you put some cash down?
U forgot the whistle in the end…
Cannot sell something privately if you don’t own it. Once you pay TTL to title it, you are even further in the red.
Depends on Nissan financial but he could potentially sell private via a dealer pass through if he finds a willing party
well the leasing company will have to be involved payment need to be made to them directly
I believe you can sell to private party just like yiu would sell a regulat financed vehicles. When the selling price has been finalized, the buyer ir buyers bank gets in touch with the sellers bank and payment goes directly to them. Once payment is processed, seller can release vehicle to buyer. BUT, each finance company might have different rules so OP will have to check with his finance company first.
You own a financed vehicle. You don’t own a leased vehicle.
There could be exceptions but in almost every state only a licensed dealer can sell to the public and the leasing companies are not generally set up that way.
The only member of the public who can usually buy the vehicle from the leasing company is the lessee because he has a purchase option in his leasing contract
I know in Florida you can not.
I have Nissan Rogue (sv 2015)as well and I checked with Nissan finance . Technically since if u buy a car u have to pay sales tax and Nissan force you to do it in dealer and have them to collect the tax.
The good thing about Nissan is u can get payoff quote and sell it to any dealer. In other hand in myndai I could not get payoff quote from hug and they asked me to ask my Hyundai dealer about it!
Hi,
You can always get out of a lease early, just depends on your type of scenario. Miles, trim, net payoff amount, ect.
You will lose money in the first year in your lease especially since you have 29 months left. However, if you choose the right vehicle at the right time ( deal wise ) with the right amount of funds down, anything is possible. Look into conquest programs with other brands if the nissan dosen’t fit you. Online shop and request quotes, do your research and you be will be okay. However, I would not recommend putting down alot of $$$ on a lease. Best thing to do is wait it out a little longer till you find the vehicle you like at the right price.
Goodluck!