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Old 07-14-2015, 03:48 PM
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Getting out of a lease through Chrysler Capital

Just a general question as I've neve tried getting out of a lease before:

So let's say I have my eye on a preowned Aston Martin V8 Vantage and want to trade in my 2015 Overland at the Aston dealership. Doubt it will happen but anyway.... I called Chrysler Capital and they told it is indeed possible to get out of the lease by doing this:

Have the Aston dealership buy the Jeep, hopefully at the payoff amount and that will inturn void the lease and just pay the early termination of $495.

Anybody out there ever end a lease early by tading a vehicle like that before? Is it really that simple? Does that mean I'm not onger responsible for the lease payments?

I know a good bit about leasing but have never thought of trading it in do get out of a lease. That's sorta news to me.

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Old 07-14-2015, 04:10 PM
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Re: Getting out of a lease through Chrysler Capital

yep, that is basically all you have to do. Leases have 10/14 day payoff amounts just like financed cars so basically get that before you do the deal and the dealership will just pay it off just like any other trade, rolling in the negative equity into your deal (you will have negative equity in this deal with a 2015). Plus since you are trading to a high line dealership, at best they will give you auction value for your car most likely, since they will just wholesale it out.

I would double check the early termination fee, I am pretty sure Chyrsler capital pro rates it based on how many months are left, meaning you pay a bit more than 495 if you are terminating this early.
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Old 07-14-2015, 07:06 PM
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Re: Getting out of a lease through Chrysler Capital

Yes, it's easy to get out of a lease by doing a trade in. However, remember that your lease is kinda like a loan, and the leaser determines the payoff amount. This is where you really take it in the shorts. Be prepared for pain when you're $4-8k upside down.
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Old 07-15-2015, 12:18 PM
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Re: Getting out of a lease through Chrysler Capital

I'm never doing it again, but I have done it before.

It's basically the same as trading in a vehicle, plus early termination fees. The dealership knows what to do.

Check KBB vs. what you owe on the lease + the cost to buy the vehicle at the end.

It will not be financially smart, but it is possible.
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Old 07-15-2015, 12:22 PM
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Re: Getting out of a lease through Chrysler Capital

Thanks for the replies. I only did a two year lease so it ends in about a year. I'll just return the Jeep then and avoid all penaties.
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Old 07-16-2015, 09:07 AM
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Getting out of a lease through Chrysler Capital

I've done it before, last year. Traded in my leased VW on a new Lexus. It was so simple that I have no clue really. Lol I did have small amount of negative equity but I didn't really care, I wanted as far away from my VW CC as possible.
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