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babyphatqt2006
Trading a leased vehicle
Im trying to trade in my moms leased yukon xl so that i can get a new car and give her my car which has cheaper payments than hers. hers are 700/month and mine are 330/month. now the pay-off of her car is $32,400 and she has $3,500 left in payments. her lease is up in January. When I did an online appraisal it said that her truck was worth $17,150.
So the question is can i trade in her vehicle for a $32,000 vehicle and use her truck instead of using a down payment?
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