By Dean on Thursday, August 23, 2001 - 09:24 am: Edit

I have 1 year left on a lease of a 99 Disco II with all the bells and whistles (18 wheels, ACE, premium sound, dual sunroofs, leather, no rear seats)and want to get a new vehical. Truck is in excellent condition with only 17,000 miles. Never been off road. Thats kind of why I want to get rid of it because I don't have the time to go play off road and the truck sits in the garage 5 days a week.

Anyone one have tips on how to approach the dealer? I would be willing to buy something else from the dealer (Also sells Benz, Audi, Porsche).

Thanks

By gil on Thursday, August 23, 2001 - 09:34 am: Edit

call your lease company and find out what your buyout is. then see what the book on the car is with those miles. im guessing the book is around $23k to $24k with 17K. usually you get killed trying to get out of a lease, but your miles are right, so you may be able to. you can also "sublet" the lease to someone else for the next year, although that person would have to be approved by the lease company.

By Blue Gill (Bluegill) on Thursday, August 23, 2001 - 09:38 am: Edit

you're probably dealing with Land Rover Financial Services, not the dealer. You'll have to buy out your lease. But the dealer may "work a deal" with you if you pick up something else at his dealership (he'll have to buy out your lease - someone always has to buy something).

By gil on Thursday, August 23, 2001 - 09:39 am: Edit

i just checked the book, a 99 DII with ACE roofs and CD is in for $23,700 with 26,000 miles. you probably wont get much for having less miles, but you would have gotten hit if your miles were over. figure out what the differnece is between your buyout and what you can trade it for(book value), then figure out how much it would be if you were to eat the next 12 payments. chances are the difference bewtween your payoff and the trade value will be less than the 12 payments. the only problem is that in 99 the residual values were artifically high, giving you a lower payment but at the cost of a higher residual. good luck. what color is the truck and where are you located, i could be a buyer for it if you cant find anyone.

By Garyk (Garyk) on Thursday, August 23, 2001 - 02:22 pm: Edit

Dean,

There is a company called swap-a-lease which will sell your lease to someone else. They match lessees with potential lessors. I believe they have a web site. Check it out and report back here, I'm sure there are others who would be interested in the same thing...If you can't find them, email me and I'll locate them for you. They are headquartered in my hometown.
Gary