Question: How should I handle my lease return and get a new lease?

I just got this question about what happens when you return a leased car for a new leased car using the same leasing company:

Hello Markus,

I was hoping to get some useful advice regarding a lease return.

I’m currently in the 3rd year of my 3 year lease through Chrysler Capital. I have 6 payments remaining (about $2000). I’m located in Southern Ca.

I’m looking to upgrade into a 2018 of the same make and model. The lease quote I received is:

MSRP: 43,290

SALE PRICE: 38,450
LEASE REBATES: -3,250

ADJUSTED SALE PRICE: 35,200

36 MONTHS; 12K MILES PER YEAR; TOTAL OUT OF POCKET: 1,000

MONTHLY PAYMENT: 450.13 PLUS TAX = 492.89/MONTH

I haven’t yet informed the dealer about my lease return. What’s the best way to ask the dealer for a buyout without being taken advantage of?

What about my current tags, they don’t expire until June 2018, why can’t I keep my tags and save on registration fees?

Any help you can provide would be appreciated.

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How to make a tidy profit turning in a leased car

Hi Markus, What should I do if im leasing a car now and need to turn it in? Will your system work this situation? Thank you in advance!

The short answer is yes.

I am helping one of my clients do the EXACT same thing – right now.

Let me share the details with you:

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How to turn end-of-lease cars into extra cash

When I look to lease a new vehicle, I try to choose one that can be flipped for a tidy profit.

Yep:

When my lease is about to end, I do not turn it in. This is a mistake most people make when their car lease ends.

Instead, I sell it to the highest bidder for a fast and easy profit.

WARNING: If you are looking to end your lease soon and get into a new lease, read my popular posts here first. It is CRUCIAL to have your newly leased car sitting in your driveway before you turn in (or trade) your car in.

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