Anyone familiar with leasing?

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Originally posted by Lease-V-cross
Is it possible to use a car that you are currently in a lease with as a trade-in?... I'll never lease again.........that's for sure!

Yes it is possible to use your leased vehicle for trade in... but it's not a good idea for the reasons mentioned above by other members.

A lease makes sense if you drive 12,000 miles or less a year and have NO long term commitments to the vehicle. I leased a Trooper in 1999 and paid a total of $13k~ for 3 years of use of a $28k truck. The blue book value of the Trooper at the end of the lease was just under $10k however the cost to buy it from GE Leasing was $15k. The bottom line is I saved a ton by not buying the Trooper and walking away at the end of the lease.