Can I turn in a leased 2005 grand Prix and get a honda or a toyota next?

I have excellent credit with gmac finance. Can I go through a toyota or a honda dealer to do this?Can I turn in a leased 2005 grand Prix and get a honda or a toyota next?no, you have to turn your pontiac in at a pontiac dealership when the lease is up if your going to get a foreign car.Can I turn in a leased 2005 grand Prix and get a honda or a toyota next?
enter pimp my rideCan I turn in a leased 2005 grand Prix and get a honda or a toyota next?yesCan I turn in a leased 2005 grand Prix and get a honda or a toyota next?
Call the dealer and ask.

Duh.Can I turn in a leased 2005 grand Prix and get a honda or a toyota next?It depends. You will first have to call GMAC if that's who the lease is through to find out their guidelines for turning in a lease. If you want to just turn it in they will probably tell you you have to drop it off at the dealership you leased from or some other dealership of their specification so they can inspect your Grand Prix to make sure you don't owe anything from mileage overages or too much wear and tear. Assuming it meats the guidelines and you have a clean turn-in, you can just leave one lot and go to the Honda or Toyota dealer to purchase your next car. If you have to pay anything due to the mileage or condition restraints, you will have to first clear that up, then get a letter from the dealer and/or GMAC stating that the lease is satisfied. The new dealer will need this information in order to finance you for a new car.



Now, if you're turning it in early or the conditions can't be met, you'll have to just trade it in for the new car. This will probably land you in hot water because the lease gives you lower payments which doesn't eat away at your payoff as fast as a regular purchase. So the Honda and Toyota dealers will have to call GMAC to get your payoff and then they give you a trade figure for your vehicle. Assuming they can finance any negative equity you have, which shouldn't be a problem assuming your credit is as you say, then they can just sell you their car no problem and keep the Grand Prix as a trade. You will not be able to finance the Honda or Toyota through GMAC, as far as I'm aware, so you should plan to finance with either Toyota or Honda's finance companies. But first and foremost, call GMAC finance to get specific instructions on your options for turn-in and trade-in.