Baltneu wrote:Enjoy the new car.
I also have range anxiety on my 2018 SL.
I lease, nothing I can do about it for another 2 1/2 years.
Not true. You can trade in a leased vehicle. There’s always a payoff figure. You don’t know if you don’t ask.
How well or poorly you do to end the lease depends on how the lease was structured. Cap Cost, residual value, money factor, cap cost reduction and acquisition fees calculate the lease payment. There’s also may be a disposition fee at the end if you don’t re-lease.
If you negotiated a low cap cost and high money factor you don’t get hurt much terminating the lease early. If your lease had a high cap cost and high acquisition fee getting out early could be costly.
I helped my daughter sell her leased Lexus back to a Lexus dealership after she got divorced and couldn’t afford the lease payment. She had 18 months remaining on the lease. She only had to give the dealership a check for $150 to walk away.