Best way to get out of a leased car?

5

Asked by Dan Sep 22, 2016 at 11:44 AM about the 2015 Toyota Camry SE

Question type: Shopping & Pricing

I am leasing a 2015 Toyota Camry SE, and want to get out of the lease.  What
is the best way to go through with this?  Can I trade it in at a dealership?  

3 Answers

46,445

Negotiate a bring back for any reason & stop lease at the time of lease signing and you will not ever have to worry about it. Yes this is a option they may or may not tell you about and I have told family about it yes it has worked every time.

1 people found this helpful.
230

Find the largest rebate and dealer rebate (you will have to look for this most dealers won't tell you about the "dealer cash"). Let the free money eat up your bad situation.

160

You can try to trade it but the harsh reality is that Camrys are breeding on dealer's lots which pushes down the resale value of used ones considerably, ergo unless you put a ton of cash down you likely owe far more on the lease than what the car is worth. Negative equity is a harsh mistress and the only two ways to deal with it are to write a big check or roll it into another vehicle which means that you are REALLY REALLY REALLY upside- down on that car. Actually there is a third way, turn the car back in early but that will show up as a voluntary repo and you will have to pay the deficiency balance when all is said and done. My best advice is to learn to love again and drive the Camry until the end of the lease which hopefully wasn't written for a term longer than three years. It is a good car and you could have done a lot worse.

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