I currently lease a 2023 Ford Escape ST-Line with 18 months remaining, but Im looking to get out of the lease and switch to a Toyota Tacoma. Ive already negotiated a deal for the Tacoma that Im happy with, but the dealer cant trade in my Escape since its financed through Ford Motor Credit.
I also tried AutoNation, as they handle both Toyota and Ford, and they said they could facilitate the trade. However, they werent willing to match the deal I negotiated elsewhere.
Does anyone have suggestions on how I can make this work without having to pay off all the negative equity upfront?
How much neggie eggy (negative equity) are we talking about here, and would a lease swap even be worth the time/effort? How good of a deal is your Escape?
its kinda shitty i pay $475 have 18 months but only 12k miles left on it. From the appraisals i have about 3-4k in neg equity. I doubt anyone would want to get a lease like that i guess my last option is to keep it for another year and a half
$475 x 18 =$8,550, plus insurance and disposition costs.
If your Tacoma is that good of a deal, the savings may offset some of your negative equity payout. Just comes down to the math you’re willing to settle for.
If not mistaken, you are doing 16k miles per year if your current contract is for 36 months with 12k miles a year. Doing that many miles per year, you will spend fortune on the gasoline for Tacoma.
I would rethink that.
I’m not worried about spending extra on gas. Most of my miles on the car are from last year when I was sharing the car with a family member we now have 2 separate cars plus the monthly on the tacoma is low enough than the ford to offset that extra gas cost for me.
Well this wouldve been a perfect time I will need it a lot for the next 45 days or so but I could make do without it. Honestly since posting this Ive thought about it and I definitely would rather keep it for another 18 mos than take almost a 5 grand hit. Thats my lesson for taking a shitty deal without researching. I’ll see yall in July 2026 for a banger deal
