Has anyone turned in a leased vehicle a year early? I have a 2019 CX5 Touring trim that has 3500 miles on it presently, it will be 2 years into the 3-year lease in August of this year. The COVID-19 problem has limited my driving somewhat I usually put on between 5 & 6 thousand miles a year. We have 2 cars in our family, so it's not unusual for the miles to be the low end. This was my first lease, and I was thinking of upgrading to a 2021 or 2022 Grand Touring this year rather than wait for another year. My first question is, is it possible to trade in early, and what would be the advantages or disadvantages in doing so? Thanks for whatever input you can provide, it will be much appreciated. The number for me to buy at the end of the lease will be $17,800 if that means anything.

 

I have a suggestion for you. I just ran my '19 GT through Carvana for fun. They offered me within $50 of my current payoff (my lease ends 6/22). I would try yours out and see. That way you can avoid any chances of damage, tires wearing out, turn in fees etc by getting out early. Your mileage is crazy low too so I would be surprised if you didn't get a great offer as it would be a huge benefit for them to have a car with so much factory warranty remaining. To answer your question though, yes, you can turn in whenever you like, but I would have the Carvana offer in hand when I talked to the dealer and explain you will just sell to them if the dealer won't match the offer.

 

And used car prices are high right now so you have some leverage with the dealer. Esp if you want to lease another CX-5 from them. They will be happy to have it.