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Lease with a Loan Balance?

 
leonard87 leonard87
New User | Posts: 1 | Joined: 04/09
Posted: 04/15/09
12:44 PM

Hi-

Looking for some advice on a lease. I have a $7000 outstanding balance on a car I want to get rid of and lease a new car. If my KBB value is $3500, will the dealer apply the value to the lease down payment and roll the balance owed on the note into the monthly lease payment? What happens if I turn the car in early? What's the best way for me to go about this?

Much appreciate the advice!  

 

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