How should I handle this?

[antso91]

Hello everyone! I recently leased a grand cherokee (well, ordered, delivery is 3/6) I just got a bonus at work so I'm trying to figure out what to do with it. I was putting down 4239 which included 2295 for down payment (taxes and fees +first month) and the rest to cover the neg equity from my trade in. Heres what I want to know: Should I pay the dealer for the neg equity and keep everyhting the same or make a principal only payment towards my loan and bring the balance to exactly what he is giving me for my trade in? I believe technically it equals out to the same 4239 or so but I just wasnt sure which made more sense. Thank you for any help!

[fury1995]

It's all the same. The only issues would be making sure your principal payment posts before you take delivery and making sure that the current payment is made if there is one due between now and when you take delivery. The dealer will call to get a payoff on your tarde in's loan account that should be valid for an additional 10 days or so after you trade it in. I would just let the dealer handle everything. That's what they're paid to do.