We're about 13 months into a 39 month lease. Our payoff is about $40,000.
We are looking at trying to get into something that will lower our payments a bit, and so checked a local dealer to see what options they had. They offered to buy out our current leased vehicle, with a negative equity of around $4000 (which while it sucks, isn't a show stopper since we're just trying to get into something cheaper overall right now).
My question is, does this sort of transaction typically result in fees from a lease contract? What sort of wording should I look for in our contract to see the stipulations on this kind of thing? I'm afraid we'll get through with the new deal, and then get some sort of lease cancellation/buyout fee mailed to us.