Is it feasible to trade in a car that you owe $10k on to get a leased vehicle?

Question

Is it feasible to trade in a car that you owe $10k on to get a leased vehicle?

Answer 1

Only if it's WORTH $10k or more....

Answer 2

Depends on what your car is worth now. If it's worth less than $10K, the difference will be rolled into your new lease, making payments higher than it would have been without the trade-in. If it's worth more than $10K, the difference will be treated as a down payment and your new lease payments will be lower.

Answer 3

you can trade in any vehicle, problem is if its worth less than you owe they will tack that on to the new lease, so if you owe 10k and the car is worth 8k  they will add another 2k on to your new lease