Quick Tips for Pull-Ahead Offers
1. Read offers carefully so you understand all the terms, conditions and possible fees.
2. Be certain you actually want to lease again. If ownership is your goal, a pull-ahead offer won't help you.
3. Figure out how much time is remaining on your current lease.
4. Check out Edmunds' Incentives and Rebates page for any factory-backed lease specials that might set you up for a good deal.
5. Find out your lease payoff amount from your bank.
6. Compare the payoff amount to your car's value with the Edmunds appraisal tool.
7. Don't overbuy. If you have a budget, do your best to stick to it.
If you're currently leasing a car, you've probably gotten a fair number of ads or emails suggesting that you trade in your current car for a new one. If you haven't gotten one yet, don't worry. You will soon.
These pitches promise a new car for similar or lower lease payments. They may say that the dealership wants your car because it's low on used-car inventory and needs exactly what you have. It may not matter that you've hardly had your new leased car long enough to need a second oil change because the time to trade up is now, so the story goes.
These offers sound good, and the sheer number of attempts to reach you can add a sense of urgency. But is there anything to them? Are the offers too good to be true? The answer can depend on the type of advertisement you've received and who sent it.