Trade in your leased vehicle: If your goal is to purchase a different car from the same dealership, you can always contact the dealer and see if there are any incentives available to roll your lease balance into the purchase of another vehicle. Transfer the car lease to someone else: You can find a buyer on your own, or use an online "lease Trading a car works the same whether you buy or lease your next car. However, the effect of a trade on a lease deal is a bit different than with a purchase deal. As you probably know, when you trade a vehicle to a dealer, the value of that vehicle is applied as a down payment on your next vehicle. The effect of that down payment ( cap cost If you’re cash-strapped and are trading in an older car that’s only worth a couple thousand dollars, it might make sense to use the proceeds as a down payment to keep your lease payments affordable. On the other hand, you may not want to do this if your trade-in is worth considerably more.