Getting bored with my lease... considering a purchase

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Old Aug 2, 2008 | 10:48 AM
  #1  
agranado's Avatar
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how handsome I am
 
Joined: Oct 2004
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From: Miami, FL
Getting bored with my lease... considering a purchase

Well, I leased out a lexus Is250 back in april and lo-and-behold, I'm kinda getting bored with it.

It's lightyears better than my last car, I can afford the payments just fine, but I'm just flat out bored. it's an auto (my last car was a 5 speed) so I yearn for the shifting every now and again.

What are my options as far as getting rid of this lease? I just recently found out about lease trader so that might be a good idea.

Would I be able to trade a leased car into a dealership? and get into a purchase with that dealership? Probably not... or?

I've been looking at a Pontiac Solstice GXP 5speed recently, and since GM is hurting pretty bad right now I'm sure I could find an amazing deal on this car. Anyone have an idea or opinion?
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Old Aug 2, 2008 | 11:11 AM
  #2  
02CL-TypeS's Avatar
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From: STL
I'de say go for it. Soltice GXP's are rare and I bet a ton of fun to drive. I'm not a fan of the lexus is250 and definately see how you got bored of it. To me it is just a really nice camry
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Old Aug 2, 2008 | 11:49 AM
  #3  
black label's Avatar
Trolling Canuckistan
 
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From: 100 Legends Way, Boston, MA 02114
You most certainly can trade a leased car in. If you call the bank who the lease in through (toyota financial?) they can provide you with a payoff amount.

It's really the same as trading in a car you were financing and hadn't paid off yet. You will probably be a bit upside down in the lease though so you might be rolling some negative equity into the next car.

In the end you can trade in a leased car on a purchase (or another lease for that matter) but whether it is worth it to move forward only you can decide.
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Old Aug 2, 2008 | 12:16 PM
  #4  
Crazy Bimmer's Avatar
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From: Chicago Burbs
You are only 4 months into your lease and you want out? Yea I think you will be rolling A LOT of negative equity into the next loan.

Let us know how this turns out though.

Swap-a-lease.com is your best bet. IMO
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Old Aug 2, 2008 | 12:53 PM
  #5  
TzarChasm's Avatar
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Joined: Aug 2007
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From: Massachusetts
I looked at the is250 when I was buying my current car. I love the looks, like that its from Toyota, I was almost sold already and was picking out colors. Then I drove it Booooring. Just wanted to say, I feel your pain. I could see why someone would get one, but I can see how you would get bored fast.
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