are you just referring to gmac leases, or any car lease? as far as i know you can be penalized up the wazoo for ending a lease early. and its my understanding that companies like infinity financial services, from whom i have a leased car, won't permit such trades.
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Originally Posted by Hummer Guy
actually, you can trade it in at any time in your lease. BUT...call the leasing bank and get your payoff for purchase. Say its 27,000. Have the car apraised. if it appraises for $25,000, it will essentially cost you 2 grand to end your lease early, and that ammount can be rolled into your new financing on the new car. In the rare case, it will appraise for more than you owe, but don't count on it...also, you will not get tax credits on a lease trade-in like you would if you owned it...
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