Leasing Question

[comcast476]

I currently am leasing a Nissan Maxima for $325 a month - ending Dec 2012. Due to an increasing family I am looking to get into something bigger. My wife and I both particularly like the Cherokees.

If I went to my local Jeep dealer here saying I wanted to lease a 2011 Cherokee, would they work with me at all? Would they take my Maxima? How would that all work?

Or.. do I need to sort it out with Nissan directly?

[Moppie]

Depends on your lease agreement.

Have you thought of looking at a bigger Nissan?
That would make changing much easier (and you would get a better car........)

[Chris V]

Originally Posted by Moppie

Depends on your lease agreement.

Have you thought of looking at a bigger Nissan?
That would make changing much easier (and you would get a better car........)

Going with Nissan would make the lease swap easier, but it wouldn't necessarily get you a better car than the new Grand Cherokee, which is an outstanding product.

Generally, you're going to have to turn the car back to Nissan, then go over to the Jeep dealer and work out the deal on the Cherokee. It's one of the disadvantages to leasing.

[jdmccright]

Right, leases usually require you to buy the car for the agreed "residual value" price listed in the contract if you wish to keep it after the lease period ends. So you're really better off just letting the car go than going through the hassle. Besides, you won't get much on the trade-in value @ Jeep...in fact you'd be double dinged. Once on the res value (usually higher than actual) and again if you tried to use it as a trade in (always low).

Good luck!