Question on trading in paid up car for a lease...?
Hi!
So here's my dilemma. I have a paid up car that kelly blue book puts the trade in value between 6,500 and 7,500. I've had to do some repairs on the car but it is in working order. My problem is that the mechanic tells me in the not so distant future more problems are likely to occur needing several grand to repair. I'd like to trade the car in for a really low payment lease while it's still valuable to do so. My question is can I trade in the car for a new lease considering the value would be more than 20% of the new car? I've never leased or purchased a car before so any feedback is greatly appreciated! :-)
Ok so it's an '03 Ford Escape with only about 45,000 miles on it.
Linear Mode
-
