Lease Return Strategy?

My question is about returning your current lease and taking delivery of your new lease. Hypothetical:

Current lease due January 1, 2019
$300 per month payment

You negotiate in December and find something you like and agree by December 15th.

Do you somehow delay delivery until 12/31?
Do you just turn in the current lease 2 weeks early (essentially losing 1/2 a month/$150)?
I would think it gets a little more complicated when you’re transferring plates from current lease to new one.

I’m figuring this has to be a part of every deal but didn’t see it discussed. Any help is appreciated!

You are 10 months late my friend.

In seriousness though, yeah its only $150 bucks. But if you still want to save, you can negotiate your deal and put a deposit on it and sign a week later. As long as u sign and take delivery before the month ends, you should be ok

Durr, thanks on date. I’ll fix.

Good call on deposit. Just wondering once you agree on the deal, it’s yours? Or just reserved until end of month? Wouldn’t want the deal to fall apart during those 2 weeks. In the grand scheme, the reason we are here is to save big money…but I’d rather not throw away $150 if it can be avoided :slight_smile:

Sometimes this is easier said than done. A dealer knows they didn’t sell until you sign on the dotted line, and a deposit is easily backed out of should the buyer change his mind. They typically want you to take delivery ASAP

You can put a deposit and delay until the last day of the month. Of course you need to ask for a prelim buyers order with all the details to make it official.
Put a deposit down last month and requested delivery at the end of october because both dealer and i know the program is not going to change. That is replacement car for march 2019. I usually lease car sometimes months in advance when i see a good deal.

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Save yourself the heartburn, and give plenty of time to return the old lease.

Took 3 weeks for me to get an appointment on my recent return. Also if the inspectors find something you may need a little time to get it taken care of.

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Never had a problem reserving a car with deposit… I leased from cheap compact to $60k msrp suv and i always just put a deposit down between $300-500. Well again, i dont lease cars where you pay msrp or more because someone wants it even before the delivery truck parks in dealers lot.

I have done it for myself and done for many clients with different dealers. Never had issues. I

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they can give you a temp plate for 30 days even if you’re transferring so it’s not a big deal

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yes you can delay, no point in paying for two cars. A decent dealership will work with you, all you have to tell them is that you want the car but your lease isn’t done until Jan 1 so they will make it work. They might date the contract for end of month, they might be ok with a deposit etc.