Originally Posted by antjones21
I'm halfway thru my 36 month lease on a '14 Altitude and I want to end it early and get the High Altitude. So are you saying I can get out of my lease early and have no penalty for doing so?
You're not "ending your lease early" -- your just terminating it.
I've done it. Multiple times. In fact I just did it last week again when I traded in my leased '14 Overland and leased a '15 High Altitude.
I was 30 months into a 39 month lease on the Overland. My payoff was $32,100. The Jeep dealership gave me $32,500 on trade and I walked away with a brand new High Altitude without forking over a single penny. Not one. The payment went up by $6/mo for a vehicle that MSRP'd $6,000 more than my Overland.
I was a happy camper.
The only time you'll be penalized for ending a lease early is handing the keys back to the dealership and saying goodbye. But who does that?!
You can sell your Altitude privately right now or you can trade it in. Your call. It just depends what your payoff is. You might take a hit there.