Tim-
I think that the negative equity is becasue they
want to turn it in early (months still left to
pay). Normally they will let you out of the
mileage costs if you lease another from them
(within reason) but the lease term must be up, or
at least close to it. I never did really
understand leases...If I buy a car, I want to
drive it where and how I want, and not have to
worry about 12-15K miles a year.
How much time is left on the lease??
Tom
--- yllwdkta <yllwdkta@insight.rr.com> wrote:
> My parent are leasing a 98 grand voyager which
> is over on it's miles. They
> want to trade it in so b/c it's mileage. The
> dealer keeps talking about
> they have negative equity built up on the
> van...how it's leased. Can anyone
> explain. They are trying to lease another van
> or possibility a Quad cab DAK
> or a liberty from the same dealer. Does this
> make any since.
> Tim Althoff
>
http://www.angelfire.com/oh3/yellowdakota/index.html
> 99 Solar Yellow RC V-6 Manual
>
=====
93 Black Dakota CC 5.2 Auto, MP Camshaft, MP Computer, MP Valve Covers, Doug Thorley Headers W/ 3 " Exhaust, Jacobs Ultra Ignition, FMS Injectors, K & N Air Filter, and Boyds. Coming soon ...3.91 Gears and Trans Shift Kit.
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