bachus25

Hey guys,

I was hoping you could help me fill in some blanks. I currently have an 08 wrangler X signed for a 38 month lease. It has been 12. I just got a new sales job and am forced to drive about 3000 miles per month. The lease is only 15,000 per year.

What would be the best way to get out of it? can I sell the jeep or transfer the lease?

JKRINGO

X2 There was a time when leasing made sense but not anymore. Seems only advantage now is for people acquiring vehicles that they really can't afford to buy.

directedby

leasing is not a good idea for an individual -

but for a company (like mine) it makes great sense....

my company leases the vehicle for me and the lease payment is 100% deductible - additionally if a company leases the vehicle, then all the parts, service, gas and insurance is also 100% deductible -

bachus25

what would happen if I found someone to take it over?

azeeb

Your best bet is probably to take it back to the dealer and see if they will let you trade it in on something different.

rob7765

I agree with azeeb. Go to the dealer and get a new car or just get another Jeep. Dealers are willling to make a deal right now and you probably won't take too much of a beating on the current lease if you negotiate well on the new vehicle.

chefgotti

try the web site www. swapalease .com

Atl JK

Your only options (other than defaulting or finding someone to take it over) are to trade it in or pay off the remaining payment. However, the payoff is going to be a lot more than the trade in value.

NEVER lease a vehicle unless you're sure that you aren't going to go over the miles you bought and that you won't need to get rid of it before the lease is over.

sclan

X2 on swapalease. I was just about to say that. Good Morning America or one of those morning news shows did a piece on them. Works out for everyone; person getting out of a lease, person needing to lease, and the company cause they continue leasing out the vehicle

Atl JK

That's actually not true, lease payments aren't really much cheaper than retail payments. Leases are good for people who don't want to keep a vehicle for more than three years and don't mind having a car payment. Its better than financing it for a longer term and being way upside town when you try to trade out after a few years.

However, I do agree that with the much lower residual values these days most vehicles don't lease very well anymore so its starting to make less sense.