Hello folks, I have a 2011 Maxima, 39 month lease and im 13 months in.

I'm trying to end my lease but if i end early ill have to come out of pocket like 10k+.. I spoke to someone over at Nissan about trying to do a lease trade but she said i'll still be liable if the new owner defaults....

What can I do to get out this lease??

I was thinking would it be possible to go into a lease for an Altima at a shorter term?

 

Get the buyout to by a car for yourself and sell it for that.

 

^^ buy. Or you can trade it in. Then if the dealer gives you less than the buyout u roll the negative equity over to the new vehicle.

 

To my understanding, if the lease is assumable, you can have someone take it over and you won't be liable. You can use swapalease.com or try finding someone on your own.

If there is a financial situation to where you can't pay it anymore. You can just hand over they keys to the dealer but it will act as a repo.

 

This is your best bet. Avoid trading it in to a dealership if at all possible. Try to sell it to a private party for whatever you need to completely buy the car. I don't know what type of deal you got on your Maxima but hopefully you got the cap cost down to something reasonable which will in turn reduce what you need to get free and clear of the lease.

 

Go to carmax see what they will give you, then take the remainder of the lease payments and the residual value of the car at the end of the lease and see if it covers it

 

i returned my acura about 6 years ago and just gave them a couple grand and they took it back

i was under mileage and car was absolutly perfect condition as I am a detailer on the side

 

I am in the same situation. i talked to them and I can trade the car in as if I owned it. There will be some negative equity but I can roll that into a new, cheaper car.

 

Ok, thanks for the responses.

So right now its looking like i should change my lease to a purchase, would that require another credit check? and from there I just sell it and try to break even pretty much or trade in for a cheaper car?

 

Some leasing companies require the original owner to remain on the lease as a "guarantor". NMAC (Nissan) is one of those companies. I tried to get out of my lease early as well by doing leasetrader.com and it would have been gravy except that I do not trust anyone to remain listed as their guarantor.

 

Good info. Didn't know that.

 

You can try swapalease. Or goto your nearest dealer and try and work out a deal. Nissan definitely does a 6 month pull ahead program with no questions asked.