How can I have negative equity on a car lease if I've made all the payments?

  • Thread starter Thread starter A Tea Lady
  • Start date Start date
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A Tea Lady

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I tried to turn in a leased vehicle early and all the payments had been made, save 2, which I was willing to make at turn-in. I did purchase a new vehicle (cash) at the same time and was charged negative equity on my returning lease - over $1,000 in negative equity. My remaining payments totaled only $496.25 on the lease I turned in. Did I get screwed on this deal?
 
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