Car Lease Buy Out - Can I trade in?
My wife is currently driving her car and isnt willing to give it up, but by the time we are done our lease it may be time to get rid of her car. Would be convienant to be able to just trade in her car, and buy out the lease on the car with whatever car we have leased at that time.
Thanks in advance
Edit: Sorry I should have been more clear
My wife OWNS her car (2016 Corolla), free and clear - No liens, lease or anything else on it. So we can do what we want with it.
We were looking to add a second car/SUV, since we have a little one coming.
Since we dont know if we will have 1 or 2 kids, we were thinking of leasing an SUV for a few years first. Depending on what happens, we may decide to want to keep the SUV. So at the end of the lease, for the lease buy out I was wondering for whatever the cost is at that time - Can we trade in my wifes car to put towards the lease buy out at the end of the lease
So hypothetically we lease a 2020/2021 SUV for lets say 4 years. At the end of 4 years, my wifes car would then be close to 8 years old. It may make sense then to trade in her 8 year old car and keep the "newer" car that we leased