Trading a Leased Car Before Lease is Over?

[George]

My wife has a 2007 Acura TL that she signed a 4 year lease on. Her contract started on 7/2007. Her car is under mileage (12k/yr) and in perfect condition. If we were to trade it in would we be upside down on the vehicle? The total listed payments are $27,772 and her residual value is $16,172. Is it better to just finish the lease and get another vehicle or can we look to trade it in and come out alright on it?

[chuckles951]

This is a great car. Just keep it until the end of the lease. Terminating a lease early will be expensive.

[bob (robert) ned ted]

car companys arent giving concessions due to the current economic crisis... lately if you signed a contract your stuck with it. Those types of circumstances are kinda tied to the economy... when things are good everybody spends money when things are bad everybody wants all they can get!