Can You Trade in Leased Heavy Equipment Before the Term Ends?

[2Brothers_2228]

Hey folks,

Quick question for anyone who's dealt with leasing before. I've got a piece of heavy equipment on a lease, but I'm thinking of upgrading to something bigger before the term is up. Is it possible to trade it in early, or is that going to cost me a fortune in penalties? I've heard mixed things-some say the dealer might work with you if you're buying again, others say you're stuck until the end. Just wondering if anyone here has actually done it and how it worked out.

 

[NickBriston]

hi, I've actually traded out of a lease early onced-ealer worked with me since I was upgrading, but I still had to eat a few fees.

 

[Bigbonnet]

yeah, it usually comes down to the dealer-if you're upgrading with them, they're often willing to roll your old lease into the new deal, bute xpect some fees unless you're near the end of the term.