Hi - I have 5 mths of lease remaining and wanted to pay-off the remaining balance and return the car. I still have 5k miles of 20k miles remaining on the car but don’t use it much anymore. my idea is to return it and stop the insurance on the car,which is a saving.
is there any issue with it, i.e., pay off, get the car lease end inspection, return the car to the nearest dealer, stop the insurance.
Out of curiosity, have you gotten a purchase quote from carvana, shift, and vroom to see if any of them are worth more than your buyout amount minus 5 payments and the disposition fee?.
I think my old man used to call this “spending dollars to save dimes.”
No. It Is a simple math. I have $800 remaining on the account, I pay $150 on the insurance. I bought a new Tesla and therefore, I rarely use the leased car. My question was more around, will the finance company or GM have any issues with it and send me a bigger bill?
Bat’s old man is right at his age, a bit disoriented 
Simple math may have leaned toward waiting till May to buy another car. But I digress.
What did they say when you called and asked about grounding the lease early?
What there’s phone number, 
?
Read the terms, toyota can come back to you if there is negative equity on the vehicle at auction
should be no problem, return the car whenever you want but you still have to pay the remaining payments and residual. I did this once to take advantage of a $4500 incentive on a new car that was ending. So I got the new car, took the $4500 incentive and ate $1500 (3 payments) on my old car.
I did something similar again just recently wit ha VW lease. Found a BMW deal I could not pass up, and X3M that was on the demo circuit, $600 miles on it and discounted almost $15,000, on top of which I have a $5k certificate from a company I was hired by that ran these BMW demos around the USA. At the end we were offered first chance to buy the cars, set up through a local dealer. I wanted the X4 Comp but I was too low on the totem pole. Anyway, I turned in my GTI with 2 payments left. VW sent the car to auction and sent me a bill for the two payments + residual but deducted $130 because the car sold at auction for $130 over the residual value. I was surprised they would do that, very nice for a leasing company