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| Car Lease Trade | ||
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The term, car lease trade, can refer to a couple of possible things. First, it might mean the concept of trading a leased car in the lease or purchase of a new car. This is typically not a good idea unless there is positive equity in the vehicle — the vehicle is worth more than the amount still owed on the lease. It's actually rare to have trade equity in a leased vehicle at lease-end. Second, car lease trade might mean the concept of having another person take over a lease from the original lessee. This is sometimes called "swapping" or "trading" a lease, but is actually a lease transfer from one party to another. It's a way to get out of a lease early. See lease trade for more. For more information, see: The Lease Guide
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