Lease Help - Page 3

Jimmy Hot-Wheels · 12-09-2016, 01:57 PM

It was my understanding that you cannot "swap-a-lease" with GM Financial when I looked into it about a year ago for my Camaro.

I turned a GMC in early to lease a bigger vehicle. I had to pay the rest of the payments up front, but when Ally sold the vehicle at auction they actually sent me a nice check because it sold for more than the residual. It was unexpected, but nice. I know a lot of people hate on Ally, but they hooked me up and I broke even in the end.

suzook · 12-09-2016, 01:57 PM

Quote:

Originally Posted by 16Panther

$575 isn't anything to write home about, either. The reason to lease is to get more car for less money without the maintenance baggage of ownership.

I'm seeing leases that have to be close to or more than what a finance payment would be and they're for 4 years, 12 months after the bumper to bumper warranty expires. If power windows and radio go out at the 45th month that repair cost is on you.

I agree, never said it was good. But $20k out of pocket for my 36 mo lease isn't too bad. In 3 yrs the car will only be worth $28k anyway. So finance, or rent it turns out the same after 3 yes, as I will be getting something new anyway.

Luke1212385 · 12-09-2016, 08:58 PM

For me, ill be starting med school either right before or when my lease ends, at which point i wont have a job and couldnt pay after that so a lease was my only real option, that or a4 year finance which would have killed me

dyno1000 · 12-10-2016, 06:05 AM

I got a 2016 2SS convertible for $603 a month and $51 out of that goes to taxes. The msrp was almost 54k. 48 month 10k miles a year. At the end of the lease will still leave about 19k or so

engineer2012 · 12-10-2016, 07:44 AM

I was in the same situation last month. I leased a 2016 RS but monthly payment was 299. 3 weeks into my lease I learned that I had to relocate. I put the car on Craigslist for someone to take my lease over. I had 50 people that wanted in the first day. I called GM explained the situation and told me you cannot transfer the lease within the first 6 months and go back to your dealer because I'm still in the grace period. I called them up and we checked the payout price it was 26k and they gave me 25k so I gave them the 1k difference and walked out.

Call your dealer and see what the payout price is and see what they offer you and pay the difference

12-09-2016, 08:58 PM	#31
Luke1212385 Drives: 2016 Camaro 1SS Join Date: Jun 2016 Location: Indiana Posts: 92	For me, ill be starting med school either right before or when my lease ends, at which point i wont have a job and couldnt pay after that so a lease was my only real option, that or a4 year finance which would have killed me __________________ 2016 Camaro 1SS 1983 Camaro Z28 1967 Ford Galaxie police interceptor 2006 Honda Shadow

12-10-2016, 06:05 AM	#32
dyno1000 Drives: 2016 2SS Convertible Join Date: Oct 2016 Location: Farmington, Missouri Posts: 56	I got a 2016 2SS convertible for $603 a month and $51 out of that goes to taxes. The msrp was almost 54k. 48 month 10k miles a year. At the end of the lease will still leave about 19k or so __________________ 2016 2SS A8, NPP & NAV. P1 Procharger

12-09-2016, 01:57 PM	#29
Jimmy Hot-Wheels Drives: 2013 Hot Wheels Edition 2SS/RS Join Date: Jun 2015 Location: Orlando, FL Posts: 198	It was my understanding that you cannot "swap-a-lease" with GM Financial when I looked into it about a year ago for my Camaro. I turned a GMC in early to lease a bigger vehicle. I had to pay the rest of the payments up front, but when Ally sold the vehicle at auction they actually sent me a nice check because it sold for more than the residual. It was unexpected, but nice. I know a lot of people hate on Ally, but they hooked me up and I broke even in the end.

12-10-2016, 07:44 AM	#33
engineer2012 Drives: 2016 Chevy Camaro RS Join Date: Nov 2016 Location: New Jersey Posts: 18	I was in the same situation last month. I leased a 2016 RS but monthly payment was 299. 3 weeks into my lease I learned that I had to relocate. I put the car on Craigslist for someone to take my lease over. I had 50 people that wanted in the first day. I called GM explained the situation and told me you cannot transfer the lease within the first 6 months and go back to your dealer because I'm still in the grace period. I called them up and we checked the payout price it was 26k and they gave me 25k so I gave them the 1k difference and walked out. Call your dealer and see what the payout price is and see what they offer you and pay the difference

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