[chicagofan00]

I've never leased before and have always financed my cars but I'm started to look towards doing leases instead since I get a new car every couple of years and don't put many miles on them. It seems I would be a better fit for leasing than financing as I won't be losing out on so much money with each new vehicle this way.

My question to you guys is, I'm currently financing my C400 and have approx. $5,000 in "equity" on it (maybe more, maybe less depending upon current values) so what happens to that "equity" if I were to trade it in and do a lease? Can that be applied to MSDs so that I can get that money back at the end of the lease? Or does it only go into cap cost reduction?