Lease Escape Plan

OP, you need to provide all data points.

Lease Expiration Date:
Current Monthly Payment:
Current Mileage:
Mileage Allowed:
Miles Driven per Month:
Mileage penalty cost ¢/mi:
Current Payoff:
Current Appraised Value:

Max monthly payment on next car:

Without all this info, no one can give comprehensive advice

2 Likes

Or both

1010101

2 Likes

Without these, hacked deals aren’t possible…

Thank You For Your Service GIF by Hyper RPG

2 Likes

You can find a 24 blazer EV or equinox EV. Those are going to be super inexpensive as a lease. Then if you have a state incentive, it will make it even cheaper.

Drive it to the hood and leave the key in…

2 Likes

And I mention the possibility of previous neg equity b/c, if that’s the case, I think it’s important for the OP to think about trying to stop the continuing cycle…

5 Likes

Unfortunately, most cant because they know ‘better’.

This has as good a chance as the average person deciding to stop carrying a balance on their credit card.

Okay, how much over the lease mileage are you?

Could it make sense to park the EV6 except to keep the tires round and buy the cheapest reasonable used EV you can find to absorb your daily driving?

So can you still afford the payments?

Since it is a lease (you don’t own the car), there shouldn’t be any negative equity.

Take a look at broker deals in the Marketplace.

This thread might be helpful.

This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.