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Early Termination Lease Help
armstrob posted a topic in General Car DiscussionHey all, I'm new to the forum, so I apologize if this isn't the right place for this post. So, I have a lease on a 2017 Audi A4 that I am paying far too much for ($740 a month). I rolled negative equity into an already expensive lease (dumb, I know). I have about 9 months left on the lease, and honestly, I could probably just deal with it for that long and turn it in, but I have some credit card debt that I would really like to get paid off faster to avoid the interest. My idea was to get a loan through my bank that would cover both the fee to terminate my lease early, which Audi said would be roughly $7k, give or take of course, as well as enough to buy a significantly cheaper used car so I can pay off some credit card debt I have. Any thoughts or recommendations are highly appreciated. Thank you.
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