[TacticalByte]

So I leased my 2022 LT1 6 months ago, but recently changed my job last month and having the Camaro just isn't feasible anymore as I used to be full time remote, so it was just something fun to have to take out on evenings and weekends.

Long story short, I need to get into a truck. Has anyone else had this situation come up? What are my options to release myself from this lease so I can swap into a truck lease instead?

TIA!

[xplct]

Talk with your dealer, most likely you will have to get payoff, and trade it in. But the way the market is right now it seems like you might make out ok without having to roll too much into the new lease.

They gave my 8,000 cash to turn in my Tahoe lease 1 year early! So I made out great, put that money down on the new 2ss 1LE to buy.

[FlukeSS]

You don't have to let her go. Can always pick up a beater AWD car for winter?

I plan on doing the same myself

[jamala00]

Probably best off talking with the dealer you have the lease setup with.

[Speak99]

I live in Ontario, get a front wheel drive car with snow tires. You will be fine.

[ember1205]

Go talk to a dealer about a truck. Keep bucking for discounts and better prices. Let them give you every story in the book about there being low inventory, high demand, lack of quality vehicles, and so on. Then offer your car in trade.

They will assuredly low-ball you and this is your opportunity to look them dead in the eye and say "Haven't you heard? There's a lack of quality inventory inventory. This is a premium vehicle, and I have to insist on a premium price for it."

In the end, what matters is your car plus how much? Get the "how much" to where it needs to be by whatever means and you're good.

[NOTSINCE57]

If your lease is thru GM Financial, they are going to make it a bitch to get out of early. Unless, you trade it in on another GM product they won't allow you to get full market value out of it. Do some digging at a dealer before you jump in to another lease.

[ember1205]

Originally Posted by NOTSINCE57

If your lease is thru GM Financial, they are going to make it a bitch to get out of early. Unless, you trade it in on another GM product they won't allow you to get full market value out of it. Do some digging at a dealer before you jump in to another lease.

It depends on how you terminate the lease. They will make it difficult for a commercial non-GM entity to pay off the lease. If "you" pay it off to buy it outright and then trade, there isn't a damned thing they can do. You just have to find the right commercial entity that can put the deal together the right way.

[MightyBobo]

Dealer would be happy to move you into a truck I imagine.

[Coded4SS]

Originally Posted by ember1205

Go talk to a dealer about a truck. Keep bucking for discounts and better prices. Let them give you every story in the book about there being low inventory, high demand, lack of quality vehicles, and so on. Then offer your car in trade.

They will assuredly low-ball you and this is your opportunity to look them dead in the eye and say "Haven't you heard? There's a lack of quality inventory inventory. This is a premium vehicle, and I have to insist on a premium price for it."

In the end, what matters is your car plus how much? Get the "how much" to where it needs to be by whatever means and you're good.

This is correct.

[NotFast]

Originally Posted by xplct

Talk with your dealer, most likely you will have to get payoff, and trade it in. But the way the market is right now it seems like you might make out ok without having to roll too much into the new lease.

I would explore all options and the dealer isn't always the best choice. I was looking for a lease buyout (since I have plenty of equity on my LT1) and 1/2 dozen local dealers went "Mehhh".


If you have the cash to payoff the lease then you might be able to make profit by selling to the likes of Carmax, Vroom or Carvana.

[Plasar]

Per NoSoFast, I sold a car to Carvana once that had a loan on it - could not have been a simpler nor more pleasant experience - highly recommend as an option for a low hassle way out if a lease is OK.

[TXCSSU]

I can't imagine leasing a vehicle with how much the used car market is right now. Probably one of the few times where you can buy a new car, drive it for 6 months and sell it for about the same amount that you paid.

Does the new job pay more? I recently jumped from a WFH to an onsite job, but I had to make sure that the new job paid more than the WFH job.

That being said, I'd do as others suggested, go to the dealership where you leased and see if they can put you into something else, and I'd try to go with traditional financing, although APR are higher now than a few months ago.

2nd option would be to get a cash truck and use that. The used car market might not allow for that option though. I'd go ahead and trade in for something but do a traditional loan over a lease. My calculation is that I may want to trade my truck in for a Camaro again if I decide that I miss the Camaro and do not want to deal with trying to get out of a lease again. Good luck on both the job and the car front.

[TacticalByte]

I think I'm all set, I found a dealer that happens to have the truck with the packages I wanted on it currently in route without already being tagged for someone else.

I had third party offer to buy out the lease and give me $3700, I showed that offer to the dealer and they are going to match it. In the end, I just simply didn't want to end up rolling a negative into my new lease.