I really want to trade my 2001 Blk/Blk in for a 2002 White one...has anyone done this...i am leasing my car for three years and have only had it for approximately 5 months.. ANY POSSIBLE FREAKEN WAY?!?!!??

 

i leased my 01 spa yellow too... for 2 yrs... i talk to my sales woman about trading it in for the 02 spa yellow... she said there are no problms... just got to wait for them to get the 02 in and she will call me and i will just bring in my car and sell it to them... she told me i might lose some $$$ if i do that... how much she dont know either until i bring my car in... i had my car for not even 4 months, but i just love the new things thats on the 02 s2k... you know rear glass window, tweeters... ect... so i guess we will see they got the 02s in...

 

You've got to be careful on trading in a lease. It kinda works like trading in a car with a loan on it.

First, they'll get a pay off value from your bank (which don't be surprised if it's nearly what you paid for the car). On a lease you're not really paying much down at the beginning. Most of the payment goes toward interest.

Then they'll give you the trade-in value for your car (which will probably be considerably less than what you paid).

Then you'll have to either:

1. Pay the difference between the two values upfront

Or

2. Roll the difference (or some portion of it) into the new car.

You're probably going to get hosed on the trade in of your car. Be careful when you do it.

I just had a dealer offer me $21,000 for my car on trade. It's a 2000 S2000 Silver/Red with 17k miles in perfect condition. I just laughed.

I hope all that makes sense.

Take care,
Andrew

 

[QUOTE]Originally posted by indys2k
[B]You've got to be careful on trading in a lease. It kinda works like trading in a car with a loan on it.

First, they'll get a pay off value from your bank (which don't be surprised if it's nearly what you paid for the car). On a lease you're not really paying much down at the beginning. Most of the payment goes toward interest.

Then they'll give you the trade-in value for your car (which will probably be considerably less than what you paid).

 

No problem. Good luck.

Take care,
Andrew

 

I am considering it and I am in the exact same position as you. I will wait to see what the numbers look like but most likely I will just stay with the '01.

 

Why would you want to trade-in your 01 S2K for a 02 S2K?

If its for the improvement made, I don't think it is worth that much $$$.

 

I am actually considering a change from a lease to a purchase. I am looking at it on my current car but want to run the numbers on a new one as well.