How to Catch up With Your Lease Payments »

How to Catch up With Your Lease Payments

Having a hard time catching up with your lease payments? Looking for leasing discounts but can't find any that suit your budget? Before you transfer your lease or decide to buy off the car and sell it to someone else, you might want to consider refinancing your lease. Basically, this means that you can extend your current lease deal to an increased number of years. For example, if you have a three year lease term with your dealer, extend it to five years. This will ultimately lower your monthly payments but the downside is that you will end up paying off the lease over a longer period of time.

Does it cost more? Some lease companies might actually make a profit from your refinancing decision. Ultimately, however, with depreciation of the product, you might be paying the same amount as you would with your current number of lease years. This is the closest that you can get to leasing discounts with a dealer that doesn't offer anything more.

What Our customers are saying

The lease rate I got by calling the dealer was $67 higher than the rate I got from Car Leasing Secrets. It’s all about the local competition. So happy with my Benz!
Cristoph Wiese
Athens, GA
This is probably the easiest way to get quotes and compare them. I got one from each dealer in my city. One of them was surprisingly low. The quotes are free. No worries there.
Kristen Fletcher
Albany, NY
What a great way to shop around! I wanted a Corolla. There’s only one Toyota dealership in my city but I got a quote for a Honda Civic and decided to go with that one because I got such a good offer.
Mark Dolan
Missoula, MT