Quote:
Originally Posted by former
Yup, the only way out of a lease is to pay ALL the payments out. No other way.
And then you've paid a crapload of money and you don't have any car at all because a lease doesn't build any equity. You could of course pay all the lease payments plus the buyout and roll them together in a very long loan, but then you get used car rates which are usually higher than new car rates and aren't subsidized by auto manufacturers.
You are better off trying to find other places in your life to shave off dollars - brown bag it to work or school, avoid the Starbucks run, rent a movie rather than go out, etc. Or, as another poster suggested, pick up a part time job...
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Or he can sell the car OR go to leasetrader.com and have someone else take it over.