Well first hi guys. I never post, I just lurk around. I was wonder if rolling 10k into a lease is even possible. Some dealers have said yes and others said no. I’m just wondering if any has any advice for this situation. To add a few details, at signing the most I want to pay is first month and fees without putting a huge down payment to make up for negative equity. 10k is about $280 for 36 months, but will no bank accept that? Also I noticed I am not supposed to mention the trade in up front when making a deal but wouldn’t 10k negative equity throw my efforts out the window?
I think it would help to understand and maybe for someone to comment is to know why.
Have you tried selling to CarMax or privately? And yes, that much money can throw the deal off imo unless you have above 800 credit and willing to pay the dealer to swing it, I mean someone has to pay, right?
It’s one thing not to mention your trade when you have little or no negative equity, but with 10k it’s a little too much.
It really sucks, I would try to mitigate the negative any way possible, including just keeping your current vehicle.
If that is not possible most lenders will limit the total loan/lease to 120%-130% of the sticker price. Knowing that your probably going to have to lease a 35k+ vehicle to get this accomplished.
just to give an example. this lease is 224 with zero down before adding a 10k flip. where the yellow is meaning that like @buster11xx said, you loan to lease is too high so you have to put some money down. it all depends on the vehicle, how much is available in rebate. a large part is rebate money because this car for instance i put in an extra 1500 for a non-gm lessee just to be able to do that.
yes 10k over 36 is 280, but you pay tax on that 10k. it’s actually 318 not 280.
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You could probaby bury it on an S90 without money down. That payment isn’t going to be pretty, though.
So, I’ll try to answer everyone’s comments. I have a mustang. And I do not drive it, my girlfriend does and she struggles everyday to drive it and keeping it isn’t a option. Car max I’d have to pay 10k even if they brought it. And privately it’s not easy to sell a non v8 mustang. Leasing a car over 35k is doable if it allows me to roll it into the lease. I cannot put much more then 1k down if I truly had to add more down. Because I currently pay my moms car and etc. basically 1k down is the most I’d do. So with 318 to start ? Is there any type of car I should focus on? Paying 600 would be ideal, currently a Lexus dealership I used to just get a quick answer said without any “deals” made it would be ruffly 750 area a month. As for incentives I asked the Lexus dealership because he claimed this month they offer 6k Lexus cash on a rc I saw.
Whatever you do, DON’T DO IT! You will get hosed by the dealer on it. I had a similar issue with my Lexus.
Bought BMW X5 in May 2015
Broke Down in July 2015 with 5,000 in work (Warranty declined it)
Towed to Lexus
Agreed on price with negative equity
After I drove off and saw my paperwork, they jacked up the Money factor by 5X! I should have looked into paperwork prior to signing but I was just anxious to get rid of the BMW. Now due to this forum, I am ruthless when it comes to dealers.
Oh I see, I guess I’ll look into the s90. Or do you think if I used things I learned form this forum that. If he’s offering 6k Lexus cash plus my 1k down , leaving 3k would I be able to negotiate deal and walk it to another Lexus dealership? And email them back and for until I get an actual deal? Rather then a rip off. I can drive my girlfriend to work for a few weeks until I can find a deal. I just want to know if anything reason is possible or should I drop it all together?
I think the S90 deal is over on the “good” numbers. My wife just got one in December for $499 a month with 0 down. We did get top of the line inscription so it was more money than what people were getting in low high 300s-low 400s.
You better hope someone doesn’t shop that structure around…you’re gonna get bitched at again!
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lmao. trying to hit the negative equity market 
it’s really just bolts 
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how about swapping leases? perhaps someone has a nice ford escape for your gf to trade.
The mustang was financed, very poorly at that. So from the looks of it finding decent incentives or paying the difference might be all I have left. I can probably pay off the negative by the summer and actually get a good deal rather then rush a rip off.
If you are for real and not just trolling this forum, just drive the Mustang until you pay it off.
That would probably be my next question, why doesn’t op drive the mustang, got a work truck or something? also, what’s the problem with a v6 mustang? i hear they are very easy to drive.
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I am real steevo, no need to troll I honestly need to get rid of the car and honestly wanted advice to roll that negative equity. I wanted to honestly know if it was possible? Not sure why you considered it a troll. Just because I care to a realization of accepting I have to pay that equality down and wait a few more months. But I prefer not to drive me girlfriend everyday until summer. It was a legitimate question. I didn’t see many post about people with 10k negative so I asked
I can drive the mustang. My girlfriend cannot the long hood and feeling of a “tank” makes her anxiety act up
$10k is worth finding a new girl over. Just my advice.
Simply tell her: drive that car until it’s reasonable to sell/trade, or get your own car to drive, or get a new boyfriend.
Problem solved.
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The username checks out.
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So you two share the car? if so, just get her a beater honda civic. much cheaper than losing 10k.