I am currently purchasing my vehicle and want to convert it to a lease - less payments - is this an option ?

Question

I now have an Altima Coupe 3.5 - The payments are livable but with gas prices would like to reduce them - is leasing an option for me?

Answer 1

nope, not an option. Want lower payments, re-finance it.

Answer 2

No, i really doubt the dealer will let you get out of your contract and make it a lease. The best thing for you to do is maybe try and refinance it and see if you can get a lower interest rate than whatever you have right now. Might save you a decent amount every month.

Answer 3

Yes you can. The dealership doesn't own the vehicle...the bank or finance company does. Call up your lending institution and request a payout figure on the loan. In 99% of all cases the loan is open and this is no problem. Approach the leasing company and ask them to convert this loan to a lease. The payout now becomes the new capitalized cost and they will calculate the buyout.

I hope this helps

Cheers