lease

You have the option of doing an early lease termination depending on your lease company and bank. You can start with having your lease appraised to see whether it is better to trade your vehicle as-is and apply the value towards your lease payoff. Or, whether it is better to factor your remaining payments into the new lease. The dealership that you visit will need to contact your lease company to verify the buyout and total payment amount for them to trade or factor remaining payments. Depending on where the payments are on the new vehicle once they factor your current lease situation, will tell you whether you will need to apply any money down to lower payments or per bank requirement. Most manufacturers also have Competitive/Returning lessee rebates that they can apply to the new lease as well. Many options available to you! It just depends on starting with the appraisal as it will provide a clearer view of what you can do now or later. Hope this helps!