If I were to get into a 3-year Hyundai lease (let’s say Sonata or Elantra) but I want to get rid of it after 1.5 years for example… are there any ways to do so? Or am I stuck with it for the full 3 years?
Because to my understanding Hyundai doesn’t do lease transfers
Prob shouldn’t be leasing if you’re already contemplating this scenario
You’re at the whim of the market.
Whatever some dealer offers you as a trade value, the difference between that and the payoff is your negative equity and you need to pay that in cash.
Depending upon the vehicle’s condition/mileage and your local market, you may have positive equity.
You can but it might cost you a bit in negative depreciation.
If you get an EV, it will probably be worse.