Can we still lease a car?

Question

Ok we still owe a significant amount on our current car, that being because of the 2 other trades we did before. But my question is can we trade in this car and lease a new car? Even though we still owe a good amount on our current car?

Thanks all!

Answer 1

Leasing, really, is for rich people that can afford a new car every 2 years.  

So if you're hopelessly upside down with your current car, that would be a silly choice, and they would refuse. You didn't really give enough info to tell what your situation actually is, but you make yourself sound like you routinely trade cars and just pile on more debt.  So I'm guessing based on that.

Answer 2

figure out what your car is worth compared to what is owed. If you owe more that amount can be added to the lease value if your credit allows.

Answer 3

Sounds like you keep trading for the negative. Keep it up and you'll be broke.

Answer 4

you can but rolling all that negative equity into a lease will make your payment skyrocket and it will tough to get you approved unless you put a fair amount of money down.

So in short yes you can but its probably not a good idea.

Just go to the dealer and let them know whats up and they will tell you how much it will be.

Answer 5

This answer is a bit off the subject, but due to various circumstances, quite a few people are trying to sell their leases on relatively new autos.  You might take a peek at www.leasetrader.com - perhaps you can pick up something there.