[mutanthippo]

My lease on my 2017 Volt ends next June. I will not be using my Volt from October until June and am trying to figure out what to do.

I will be significantly under the allotted mileage (it should be at about 33k and I have 45k allotted).

Would swapalease or other lease takeovers be economical?

I am assuming the buyout will be too high but I will check that out.

Would people want a 6 month lease on a Volt?

 

[caronjeff]

Swapalease works great for those who drive a lot , and can assume an under mileage lease. You should have no problem moving it to someone. There’s actually many Volts listed over there now. Most offers are from folks in the opposite scenario, OVER mileage. Who would want a $350 a month lease where you only get 500 miles a month?

 

[DonC]

You don't know what people will want until you try. I can see someone wanting a long term rental. Looking at alternatives is also a good idea. Note on the buyout that you can look to sell using the rest of the lease period plus your buyout price. Initially the buyout price was too high, but the revised depreciation schedule may make it more appealing.

The more options you look at the more likely you'll find one you like.

 

[JRRF]

If you keep the car to lease end and turn it in with low mileage, you may be able to easily negotiate a better deal on the next car because you have equity in the current one. The residual was based on you using up the mileage. If you use a lot less, then the car is worth more. You can apply that equity to a new lease, or you can simply buyout the car at the low residual, and sell it for what it's worth. Then you'll have the equity in cash.

 

[bobrad]

I had to turn my 2015 lease in just recently. I was not planning on leasing again, although it's been very economical up to now. I considered everything and in my case, another lease made the most sense. Where I live in SoCal, they're currently discounting the cars 8,000, plus the state rebate of course. This made it painless to get into a 2018 car. I love the new car. I can feel every nuance that went into improving the original car, two of which I'd been driving since 2012. Incentives in June are much better than May. I was told that GM had a terrible Memorial Day, thus the rebates. For what it's worth...