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Thanks, that is what I thought!
Posted by Jon in Chicago (more from Jon in Chicago) on Tue, 1 Jul 2003 12:09:49
In Reply to: Re: Can you really Trade-In a Lease?, pursang, Tue, 1 Jul 2003 11:09:46
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Thanks. I had read in an earlier post that you could walk in to a dealer and just act as if you could trade in the value of your lease car and if this was enough to pay off your current residual then you could do it or just pay the small difference. But, as I've always thought, a lease is a contract which can be exchanged only if another person takes over the lease, so the idea that a lease could be broken and the broken lease car could be then left on the dealer's lot for the dealer to then resell before the original alloted time goes against the idea that Saab expects the car to be out of their hands until the end of the lease, even if this meant selling another new car. (Otherwise, they'd just let people break leases all of the time with the reasoning that they'd be selling more cars... only to then have to deal with the huge short term depreciation on the car other which is not at all the same thing as dealing with the depreciation that was factored at the time of the original lease; ie, one year instead of three, as an example.)
Anyway, I may try posting for a lease take over on Saabnet or may try swapalease as others mentioned, too.
Thanks!
Jon
posted by 12.100.24...
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