Quote:
Originally Posted by vitaly
I know  As apexlocator mentioned, you can have equity in a lease. Most common case is if your mileage is much lower than lease terms; given residual is calculated using mileage (amongst other things) at lease end, you can end up with equity in the car (assuming clean carfax, great condition of the car, etc).
But basically, they'll only consider taking the car back early if there's money to be made for them otherwise, why would they eat your remaining payments? |
ok good to know! so lets say your mileage is much lower than the allotted at time of lease return, they could apply this "equity" to a new lease, a new purchase etc.?