Hi all!
I am a proud owner of a 2013 SRX. Leased it back in November, have only 2,500 miles on it, and made only 5 payments thus far (on a 36 month lease).
Up until last week, I was good to go with the lease as I only worked 7 miles from my home. For years that I have been leasing Cadillacs, I only put under 20,000 miles on them when I turn them in.
Now, my job is moving 45 miles away. There is no way I can put 24,000 miles a year on a leased vehicle that only allows 12,000 per year.
I have two options...
1. I can keep the Cadillac with its high lease payments and get a second crappy car (like a Chevy Cobalt or Ford Fusion) either new or used. Of course, it will mean an additional car and insurance payment.
2. I trade it in.
Now regarding #2....
I don't even know if that is an option being the fact the car has a brand new lease.
Would a non-Cadillac dealer even consider taking on the lease knowing that he/she could sell that car for far more?
Excuse my ignorance in this matter. I just don't know how these things work.
As always, your opinion on what is best to do here is appreciated.
I am a proud owner of a 2013 SRX. Leased it back in November, have only 2,500 miles on it, and made only 5 payments thus far (on a 36 month lease).
Up until last week, I was good to go with the lease as I only worked 7 miles from my home. For years that I have been leasing Cadillacs, I only put under 20,000 miles on them when I turn them in.
Now, my job is moving 45 miles away. There is no way I can put 24,000 miles a year on a leased vehicle that only allows 12,000 per year.
I have two options...
1. I can keep the Cadillac with its high lease payments and get a second crappy car (like a Chevy Cobalt or Ford Fusion) either new or used. Of course, it will mean an additional car and insurance payment.
2. I trade it in.
Now regarding #2....
I don't even know if that is an option being the fact the car has a brand new lease.
Would a non-Cadillac dealer even consider taking on the lease knowing that he/she could sell that car for far more?
Excuse my ignorance in this matter. I just don't know how these things work.
As always, your opinion on what is best to do here is appreciated.