I don't know much about leasing..

But my dad has a 2008 Volvo S80 on a 36 month lease (Think he has about 26 months left?) and I was wondering if I were to convince him to do a trade-in for a Tacoma how that might go about? I built the Volvo online and it came out about 40,000$ and I know that's well over what the Tacoma I built was.. but what are some things I need to know before bringing this up to him? He's had a Tacoma before and loved it but sold it to pay some things off :/.

 

let him borrow yours for a few days and that should be enough

 

If only he didn't sell the one I was supposed to be driving, we wouldn't be in this mess.

 

My husband got out of a lease before - a long time ago.
The only way that I know of to get out of a lease early (without loosing your shirt), is to pay it off out-right. This avoids any fees/charges, etc and you might actually get revenue.

You gotta call the leasing company and get an amount that it'll cost to pay off the vehicle out-right (to own it ).

Then - you basically gotta sell it or trade it in and HOPE the amount of money you get for it will cover the entire cost of the pay-out (and maybe some extra). If it doesn't - then they (toyota dealer) can attach the leftover loan amount onto the truck loan/cost.

You'd have to do a lot of number crunching to see where you benefit most. To sell the privately or trade it in, etc.

My husband traded in an Acura and actually gained $$ in the deal to put towards a down payment on something else. It all depends....

 

Thanks That was very helpful.