Lease Trade In

There are many reasons people opt to trade-in their current leased car, truck or SUV over returning the vehicle. Maybe you have equity in your lease and can make money for your next vehicle by trading it in. You may be way over the allotted miles for you lease, or have excess wear and damages that puts you in a non-ideal return situation. No matter your situation, trading in your lease can be a good option to look into.

When you Trade-In your lease to Hendrick CDJRF of Concord, we purchase your leased vehicle from the finance company holding your lease for the ability to sale as a used or Certified Pre-Owned vehicle. We do this by paying off your lease payoff amount, or the sum of your Residual Price and any amount still owed on your lease agreement. Depending on your Lease Equity, or the current vehicle's market value minus the payoff price, you may be able to make some money from your trade-in that can be used as a down payment for your next vehicle. If you have a negative lease equity, or the current value does not cover the payoff amount, the remaining amount owed can be rolled into the payments of your next vehicle's purchase or lease price. Having a negative equity in your lease may deter you from trading that vehicle in, but this option can still be cost effective if you know your vehicle will occur excessive miles or damage fees at lease return.

Lease trade in is not the best option for every situation, and our Leasing Experts at Hendrick CDJRF of Concord can help determine if this is the right choice for you. If you are thinking about trading in your lease, or just want to explore this as an option, you will want to keep an eye on your vehicle's equity by knowing your car's value and the lease payoff amount. You can get a quick trade-in value for your lease by using our Trade-In Tool and get your lease payoff quote by contacting the Hendrick CDJRF of Concord team.

You can also call us at 877-267-5754 and we would be happy to walk you through the entire Lease Trade-In process with one of our Chrysler Certified Leasing Experts. We can schedule an appointment for you to meet us in person and your sales consultant can review the details of your lease agreement, help you explore your different options, and determine the vehicle's payoff amount and trade-in value. We promise to answer all your questions, take it as quickly or as slowly as you are comfortable, and make sure you understand everything about the Residual Value, Payoff Quote and fees that come with lease-end.

Top Reasons Customers Choose to Trade-In Their Lease

• They have equity in their lease and want to use is toward their next vehicle purchase or lease
• They want to get out of their lease early by avoiding early termination fees
• They were way over their allotted mileage
• Their leased vehicle had excess wear and tear