You can trade the cars all in for what you want. Trade for what is on the market
Get someone to take over payments, via an ad in the paper. Trade it in, or give it back to the bank, and take the hit on your credit.
No, because it isn't your car.
Yes
When the lease expires
yes
Yes
That's what insurance is for.
Yes
Yes, you can use a leased car as collateral for a loan, but it depends on the lender's policies and the terms of the lease agreement.
For the purposes of insurance, Yes.
yes
To trade in your leased vehicle for a cheaper car, first check the current market value of your lease to understand its worth. Contact your leasing company to inquire about any potential fees or payoff amounts for early termination. Once you have this information, visit dealerships to explore options for more affordable vehicles and negotiate the trade-in value. Finally, ensure that the new lease or purchase fits your budget before finalizing the deal.