THIS is the way Iâd get out of my car lease..
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- Äas pĆidĂĄn 22. 02. 2019
- The only thing more difficult than getting a smoking hot deal on a car is getting out of a car lease!! Whether you're trying to do an early termination, a lease transfer, or a buyout, getting out of a car lease requires a lot of persistence and shopping around dealer to dealer!
đ *Shop Around Dealers*: bit.ly/car-shopping
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My eCourse for finding invoice price, dealer rebates, lease variables: bit.ly/scrape-method
âïž Book a 1on1 Coaching & Deal Review Call with Ari: đ goo.gl/eBzbyA
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Get out of car lease early, getting out of car auto lease, auto lease early termination, ending car lease early penalty, car lease trade in, trading in an auto lease, ending existing lease for new car lease, selling leased car to carmax, carmax lease buyout, how to end a car lease, ending a car lease early, penalty for ending auto lease, ari janessian, boston automotive consulting - Auta a dopravnĂ prostĆedky
Keep moving your hands!!! Never change!!!
đ€đ .. Edward Iâve got a Ridgeline video coming up for you soon!
I am Italian, we all use our hands when speaking, don't change
Hahaha .. love that!
Holy crap! You saved me $5,000 on returning a lease early. Thanks for making this video!
You just saved my life . I have 17 more payments left and really just want a car now that I really want. Definitely going to go this route by seeing what other dealerships have to offer
Thank you for all the valuable information!!! And please keep using your hands, it just shows your passion for the topic youâre talking about. I love your hand gestures... â„ïž
How relevant is this in 2024?
OMG people tell me to stop using my hands when I talk too! đ€Ł I just tell them I won't actually be able to talk, it's an extension of my voice lol!đđż
Great Information, my elderly father in law became to ill to drive any longer and Buick would not let him at of his lease and now he pays for a car he canât use, Iâm definitely going to see what CarMax can do. Thank you
I absolutely love this guy for his informative videos. He can waive his hands all he wants.
:)))
I love it when you move your hands đ, donât stop!
Terrific channel!
Just found this...
Bought / leased five BMWs in six years... great advice. Helps sharpens my skills...
Thank you Clay, and welcome!!!
Hi Ari,
This is my first time watching your video and I LOVE this video so much! Your inner struggle to not use your hands so much, is absolutely adorable! Towards the end of the video, I do agree that the hand gestures are a smidge distracting but I truly did learn a lot from this video, so thank you!! 5 out of 5 STARS on this video! Great explanations, as I have taken two of my leases to Carmax and they bought both cars. I'm on my 3rd and I like my Jeep but I want a GMC AT4, so I'm not sure what I want to do just yet. But I had to commend you on your video and your humility. I'm a fan! #SUBSCRIBED
Great advice again ! Can always count on you, to give direct advice and strategy to gain a great deal !
Thank you Bob! :)
I returned a leased Honda civic long time ago. I kept super good care of the car and was a few thousand miles under the lease and got money back from the lease or a "trade-in" value on a new purchase..... I'm sure it made super good sense for the dealer.. I'm not saying I worked some great deal out of it but it was still cool because having leased cars in the past and having had to pay at the end of the lease this was a nice change.
Great channel Ari... I'm still shocked you only have like 5,000 Subs. That's crazy.... I'm not an idiot when it comes to buying or leasing cars but my next car deal in CA you're gonna work it for me.... wish I would have found your channel before I purchased my e53 AMG. Damn!
Thanks so much! I needed this. Did not know I had options when in my lease.
Tee .. I'm happy you found this, and thank YOU for watching!
It's nice to know that there are in fact ways to escape a lease that you find isn't working out, but it is still a daunting task. But that is the business of leasing love it or hate it.
No brotha you keep those hands up!! Thanks for all the info
Good info. Thanks!
Great channel Ari, I also love the blue dj2 on your wrist đ
MY MAN! thank you :))
You are awesome! I love all of your videos so much.
Iâm currently leasing a 2015 genesis sedan AWD and have 4 remaining payments. Iâm debating on getting out early so Iâm trying to figure the best option and which car I want. I am also a âsporty coupâ kinda guy, but the genesis sedan has treated me well.
Most dealers are shooting very straight with me as I understand mf, residual, and how it all works thanks to you!
Also, hands moving are great! They keep the videos exciting.
Keep doing you!
That's amazing Oscar :)))
I'm very happy you find the value in the content, and thank you for watching the channel brother. I appreciate the support!
The scene where Ricky Bobby kept lifting his hands kills me every time. Keep doing your thing man
Your channel is a great help, I made a similar video on my experience as well but I find great value from your perspective. I personally never had trouble breaking leases for buying a car from the same dealer that sold me the lease, I just buy another car from that same dealer with no consequences to me. I enjoy watching your vids they are very informative thank you sir
Thank you brother ... which video is it? can you share here?
Itâs kinda long..
I had to do a camera check at my job and Iâm the video I just kept moving my hands lol WAY more than I realize lol đ
Never change! Haha
Great video with easy steps
Excellent video Ari very informative. After hearing your X5 payment Iâm glad I got the Jeep. Lol PS : Nothing wrong with your hands :)
Thank you Ted!!!
you lose 27.5% of your enthusiasm and will to live when you put your hands down
LOL.. sorry John :(
Lol youâre too funny. Keep your hands where we can see them! đđ seriously everyoneâs a critic. I just found you and enjoy your informative videos. Tfs
Thank you :))
Ari Janessian Iâm studying your videos like homework tonight. My lease ends in October so I need to gain some knowledge now. I dislike dealing with car dealers especially since i have two things against me; 1.) Iâm a woman and 2.) Iâm mature as in old! I appreciate you sharing your knowledge. đ€Wish me luck. đ
Here's a trick you can do if you want to purchase the car at the end of the lease: Now, normally I wouldn't do it, but I was in a bind at the time. First, I extended the lease for 6 months. It was a Toyota Corolla, so 6 months was the max that Toyota would do. I was biding my time, but at the end of the 6 months, I was still in a bind, so I decided to purchase the car. This is where I found out the secret. Toyota retains more value than most makes and I expected a high buy price, but what I found out was that the extra 5 months actually greatly reduced the purchase price. In fact, the car drops more in value in the extension period than it does over the last 8 months of the original lease. Had I purchased the car at the 36 month mark, I'd have paid a lot more for the car. Suffice it to say, the price was decent for a company that does not negotiate price on a lease purchase. My payment went up only $16 a month. So, if you are ever in a situation where you decide to buy your leased car, don't buy it after the original lease is up. Extend the lease 6 months or more if you can, then go ahead and buy it after that period runs out.
I know I was somewhat redundant here, but I think you get the idea. Of course, no matter how smart you are, the dealer is always going to have the upper hand, but as Ari shows, there are things you can do to lessen the blow. Now, would I ever get a lease with a $900 payment? Not bloody likely, unless it was a company car.
Do they not fix the residual value when u extend the lease.
How will reduction in car value change the residual value in the contract
I admire you just the way you are.
I love your videoâs! Keep doing your thing. Iâve learned in life no matter what you do you can not make everyone happy. Haters will always have something to say.
Iâm a finance major from an Ivy League school and there is no way an average joe was able to keep up with your explanation, remember those car salesmen and the back end finance guys are pros who know the in and outs and we r there for the taking , but thatâs the way of doing business, but I do find your advice helpful, especially about bringing the car to car max for appraisal/purchase, I was hesitant about car max but you vouched got Them so Iâll give the consideration, all in all thanks for the advice and keep up the great work
Yeah Iâm still confused on how he was able to get out a bmw lease while owing 21k in outstanding payments + the residual. Especially on a bmw x5 which depreciates like a stone. He must of still had to put down a good 15-20k to get out of that lease. A part that he left out conveniently.
Great info, thanks! ...The hands thing wouldn't look so bad if you were further away from the camera. When you are that close to the camera it looks like the hands are coming right at me. Set the camera further back and use the zoom to frame yourself similarly into the picture.
You do you.....keep your hands up.
đđȘđŒ
Ari, Iâm paying $400 a month on a fully loaded 2019 Outback 3.6R but am moving from the Northwest to California for a new job.
Suffice to say, I am considering getting out of my lease.
I have $12 k payoff on the lease
I got screwed on my lease with Kia, had a optima SXL 18 car was fine two weeks after having it nothing but issues, finally got tired of it, went back to Kia to try and trade it in for another, looked at a cadenza they came with a payment of 995, so I went to Toyota leases a Camry XSE and took car back to Kia, and got hit with a 12,500 bill. Even after Kia still didnât want help.
you look like the butler from mr deeds
My lease is up on my Nissan Sentra in September. I want to purchase a car - done with monthly payment. Going to do what you said - shop around at dealerships.
Move your hands. Thatâs you! Never change.
Great video. Can you tell us about the M4, what was the spec and what deal did you end up getting on the car ?
Mark, 100% One of my subscribers also asked me to do this video as well. Very soon my friend..
I appreciate this lecture. I have 8 months left on my car, I cannot take it anymore my payments are $520 may not seem a lot but los Angeles it's too much. Mind you it's a Hyundai not a mercedes, why am I paying so much!? I'm hoping the dealer can hook me up if I get another car from them. Should I go to the exact Hyundai dealer I went to first? Thanks for your help, you made me feel better knowing you did it and you had way more lease months left.
Great video as always! Question for you. I recently got myself into a new Jaguar XE S and still have 5 lease payments left on my 16 Camaro 2LT. I have 20,000 miles to go on the Camaro and am trying to figure out the best way to loose the least amount possible. What would you do? Thanks in advance!
You guys are all amatuers!! On here!!! This is a really easy thing! You just have to be good at it!!
I leased a GC altitude 4x4 with 0 down at 434 rolling in 4 payments of 369 a month from a previous rav4. Fast forward when my car was due on Jan I received a letter from Toyota being told that my car was sold for profit at auction. I received half of the negative equity, plus over charge on MV of 300 bucks. Unheard of, but got lucky.
So Iâve had my 2019 for about 4 months and I want to get out of it man. Can you give me any advice on what my options may be?
Wish you could help me get out of my 2016 Jeep Patriot! I hate this car so much. Respect from Illinois. âđœ
Haha! đ€Łđ€Łđ€Ł Speaking with your hands. Not a bad thing. Just have to have balance. đ€Łđ€Łđ€Ł
LOL.. thank you!
Never subscribed to a channel faster than this one, after watching this video!!!
Nice video, now I have a question.
My lease term is 36m currently at month 23. I want to change vehicle but this time i want to buy instead of lease what would happen with my lease if i decide to buy a new vehicle?
Question, so the residual value is added to the ten day pay off quote?
Ally Bank limits your options to the auction, trading, or buying it. They wonât let you sell it to CarMax, Carvana, etc.
gosh thank god i saw this im running to carmax when it opens to appraise my acura TLX i wanna get out of my auto lease!
Any luck? I want to do the same ):
Idk how I got here but, this guy is funny lol good vid
I don't know if I am in similar situation. I recently lease a 2019 Toyota Tacoma Off Road. I am wanting to get out of it. I kinda got pressured on leasing this vehicle. I was interested in a Jeep Wrangler. How can I get of it? Could I trade it in?
I haven't even made my second payment yet. I think I will wait. LOL
LOL! Howâd it go there Richard?
Good. I left comments on your Subaru video. Basically got the advertised lease deal for a more expensive car.
Shocked the sales manager with my level of preparedness.
Hi Ari! Have a question. I have just 2 months in to my lease end, I have some pricy excess wear and tear repairs and of course disposition fee. I like to avoid all of that and I do not want to buy the car. Is it possible to trade it with another brand and walk away from all that costly headaches? The car value is less than what the buy out is. That could be a issue or do I have to pay the difference out of pocket?? Thank you in advance for your wisdom
Hi Ari, could you make a similar video to this one, but explaining the options at lease end. Specifically if you want to purchase the car, but the payoff is a lot higher than what the car is worth. Thanks.
Absolutely!
Thatâs called being upside down
If I choose the option to let the bank send the 2020 auto to the auction, is there reserve the bank will set for the sell of the vehicle?
There is nothing wrong about moving your hands. That's what they are there for aren't they... Keep it up and thanks for sharing this info :)
Use your hands and words. Don't let anyone tell you what to do smh. Good channel keep it up
Thank you :)
Shouldâve just totaled the car lol
Ari love your videos I am Originally from Massachusetts now living in South Carolina I bought a lot of cars in Massachusetts itâs no different down here there is just so much pressure when you walk into a dealership itâs ridiculous. Where is BOSTON automotive consulting what town is it in?
Thank you Michael! Waltham actually...
Lmao I do the same things with my hands. You're good lol keep doing you don't worry about the trolls. It's your channel. I do that a lot in my videos too lmao.
Ari, what is the best way to get out of a high interest loan where my car is worth less than what I owe? I owe about 5 grand over what it's worth, do I just continue to pay and rough it out until it evens out?
Can you do a new and used Tesla buying strategy video please?
pretty good video...movement of your hands means the force is with you! I recently went through a divorce that was finalized last month...I'm going into month 4 of a 36 month lease of a 2019 Honda Accord Sport which I can no longer afford due to the divorce outcome...I owe $36362.55 would you recommend the CarMax route?
I would see what they'd offer vs. what the dealer is offering for sure..
It is all about the payment with leasing. Good for you. They play back o the contract.
can I payoff my lease early and return it do I have to pay tax on it
Use your words AND hands!
Over my mileage and 8 payments left whqt can I do I really don't want to keep the car
Is Lexus GX better to lease or buy if my credit score is under 700?
Iâm late on this video but had a question? Can you trade 2 leased cars with 2 years left of payments to lease only 1 car in exchange?
Ari. Nice video and thanks for sharing lease termination options. I was anticipating you mentioning Swapalease or Leasetrader. I got out of my lease on a Toyota Avalon about 1 year early by someone taking over my lease. It took a few months to get the right person, but it did work. Have you considered that as an option? Thanks.
Scott, thank you too! Believe me, I wish I had a positive experience with LeaseTrader.. I had my car up on LeaseTrader for 6 months Scott eventually leading me to bite the bullet :(
At one point, the X5 had a $3,000 incentive bringing the payment down to $775! It was a $73k M-Sport.
Canât do lease swap in RI ....
L Bear ? I did
Iâm in the same boat. Just leased a new Mercedes Benz Eclass and hate it already. đ only made one lease payment.
Can I return my recovered stolen lease vehicle?
Can you make a video on what options you have if you are over milage on a lease? Asking for a friend lol. If you haven't already.
Definitely will make a video about this again..
P Linton you trade it in! And let the dealer buy it out! Negotiating skills are a must! Plan a strategy!
great information, but my head just blew up.
OMG, how confusing. My head is spinning!
Thank you for making this video!
Currently I have a 2018 Audi Q5 lease about 8 months into it and not really a car I like. Looks like payoff is $42k and KKB is saying around $38k.
Iâm gonna definitely check out Carmax (Norwood) or Herb Chambers to see what I can get for it.
Carmax has really come in clutch for some of my clients Ken! Give it a shot
Does paying off the lease early or having them buy it out early hurt your credit?
A tree fell on my 2021 x5 a week after driving... should I keep it?
Your hands are fine! No worry!
What about the swapalease?
What if the Carmax value is more than the remaining lease payments? Thank you.
What can I do? The 4 cylinder model is painfully slow, it is not that fuel efficient, definitely not sporty. I used to have a BMW X3. What a difference.
I have a 2017 Chevy Traverse with 2 months left in the lease and I'm waaayyyy over my miles with a bunch of dings and scratches. My plan was to turn the car into a carmax or other dealer. I'm also approved for a loan through my credit union for a new car at a great rate. I just found out today that GM Financial has stopped allowing lease buyout from other dealers as of yesterday July 1st. Now I don't know what to do, I don't want to deal with GM ever again. This is the lease from hell!
But the repairs on the 2014 X3 were killing me.
Hey Ari! Very informative video. I'm going through a very similar situation right now. Could you reach out to me and possibly help me with my lease I am in desperate need of help.
I donât think I will lease ever again and the reason why I messed again because they scared me with the finance cost
I am 18 months left in my 36mo/36k/3yr lease from Subaru. I just want to trade in my current car to buy and finance another Subaru. Reason being, I have been driving more so than usual due to the pandemic. I am not over my mileage limit but am cutting to close.
What should I do? Buy another car for cash and drive that until my lease is up???
Can I contact you personally about my car lease situation to see if realistically this will work for me?
What about the Residual? Donât you have have to pay the remaining payments and the Residual? I want out of my 2020 Jeep Unlimited Rubicon Recon and the lease is through Ally bank , so isnât my buyout the remaining payments plus the residual?
Hey bro can you do a Honda Ridgeline :) if you donât mind doing the sport. Because I think itâs most common one people buy.
Yes! You and another subscriber have both requested. Iâll try and get to it within the next few days.
Yay thanks man :) there is no videos on CZcams on how much you can lease a Ridgeline. Please try not to do a high trim. If you donât mind doing the sport or a popular trim. Thanks again!
Great video.
I have an existing lease with 10 payments. Itâs at Toyota Rav 4. Payoff on my end shows 18,500.
Carmax is giving me 20,000.
But they said the dealer payoff is higher... the bank is Toyota financial itself.
Is that true. Todayâs a holiday so I wonât find out til tomorrow. But I got a great deal on a Honda which I have to take today.
I was going to use that 1,500 towards the down for the Honda.
You think I should risk it hoping dealer payoff is same or wait?
How can I call you for advice of a situation Iâm in
Hey Ari hopefully you can help me out. My maturity date on my lease is 9/5/19. The day I have to return my car, right? But I just checked and they are charging me again for that month, I thought I just finished my last bill on 8/5/19? Is this correct or are they trying to play me?
I got into an accident just 4mo before my lease was up and the dealership valued my car at 3500 when I owed 13125. With poor credit, It was suggested to me to try carmax to trade it in. Tips??
My car lease is ending in one month and now the dealer is telling me there is a $400 payment at the end of the lease program. My signature is not on that part of the contract which I had no idea about this $400..What's this for ? I don't have any delay payments so the dealer is telling me it's just in the contract with no explanation. Need Help. What should I do ? thanks
I have 6 months left in my Acura lease and the buy out is $10k more than auction value. How can I get out of this lease without going into a new Acura?
I have a lease that will be 1 yr in at July. I want to get out of it and BUY something else that actually cost a little more than the current car I have on lease, also from the same manufacturer. Any tips would be great. Thanks in advance! đ·
You can always get rid of leases by going to the dealer and getting a car from them. They will take over your car and whatever payments left. Assuming you have a good original lease and the car is still in good condition. I did that twice. Or you can put the car online for a lease transfer. ( I did it once). Now I am leasing an SRT charger and thinking about a hellcat in the future lol. Most people think leasing is a bad idea but it's not if you know the numbers !
I have a 19 scatpack but now I want that widebody I wanna get out this lease and upgrade