Best way to get out of a leased car?

5

Asked by Dan Sep 22, 2016 at 11:44 AM about the 2015 Toyota Camry SE

Question type: Shopping & Pricing

I am leasing a 2015 Toyota Camry SE, and want to get out of the lease.  What
is the best way to go through with this?  Can I trade it in at a dealership?  

3 Answers

59,755

Negotiate a bring back for any reason & stop lease at the time of lease signing and you will not ever have to worry about it. Yes this is a option they may or may not tell you about and I have told family about it yes it has worked every time.

1 people found this helpful.
260

Find the largest rebate and dealer rebate (you will have to look for this most dealers won't tell you about the "dealer cash"). Let the free money eat up your bad situation.

180

You can try to trade it but the harsh reality is that Camrys are breeding on dealer's lots which pushes down the resale value of used ones considerably, ergo unless you put a ton of cash down you likely owe far more on the lease than what the car is worth. Negative equity is a harsh mistress and the only two ways to deal with it are to write a big check or roll it into another vehicle which means that you are REALLY REALLY REALLY upside- down on that car. Actually there is a third way, turn the car back in early but that will show up as a voluntary repo and you will have to pay the deficiency balance when all is said and done. My best advice is to learn to love again and drive the Camry until the end of the lease which hopefully wasn't written for a term longer than three years. It is a good car and you could have done a lot worse.

Your Answer:

Camry

Looking for a Used Camry in your area?

CarGurus has 979 nationwide Camry listings starting at $2,212.

Postal Code:

CarGurus Experts

  • #1
    Reelin68
    Reputation
    34,710
  • #2
    Tony Ciccotelli
    Reputation
    19,710
  • #3
    Tony Ciccotelli
    Reputation
    5,710
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Honda Accord
43 Great Deals out of 907 listings starting at $1,599
Used Toyota Corolla
122 Great Deals out of 1,994 listings starting at $2,795
Used Honda Civic
176 Great Deals out of 3,690 listings starting at $1,995
Used Toyota RAV4
100 Great Deals out of 2,089 listings starting at $3,888
Used Toyota Camry Hybrid
19 Great Deals out of 246 listings starting at $5,995
Used Toyota Avalon
4 Great Deals out of 28 listings starting at $4,988
Used Toyota Tacoma
57 Great Deals out of 1,080 listings starting at $8,708
Used Lexus IS
18 Great Deals out of 305 listings starting at $6,449
Used Lexus ES
15 Great Deals out of 192 listings starting at $3,888
Used Toyota 4Runner
12 Great Deals out of 309 listings starting at $9,700
Used Toyota Highlander
32 Great Deals out of 737 listings starting at $2,495
Used Nissan Altima
22 Great Deals out of 709 listings starting at $1,400
Used Honda CR-V
99 Great Deals out of 3,843 listings starting at $1,795
Used Dodge Charger
39 Great Deals out of 645 listings starting at $4,888
Used Acura TLX
24 Great Deals out of 453 listings starting at $10,900

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.