This has come full circle as time sure flies. Looked into selling my 2019 JGC in Summer of 2021 in the hot market craze but couldn’t find a replacement. Missed out on the e-tron deals in March/April 2021.
Is it Better to take cash from equity or roll it into next lease?
Sold the JGC to Autonation:
But Shift was my backup:
In hindsight I actually made more equity by selling it in 2022 v Summer of 2021. CCAP personal buy out is $28,786.28 and dealer buyout is $28,849.28. I thought the dealer buyout would be less than personal buyout so sales person and I called CCAP together with speaker on. CCAP verified dealer buy out at $28,849.28 on the phone. Not sure what the $63 difference is. Sold the JGC to them at $43k and walked away with an equity check of $14k+. All in all, drove the JGC for 34 months at around $129/month for a MSRP car of $53,000. I think that’s a WIN!
*When sales guy and I called CCAP, CCAP asked for dealer # and address. So if you have dealer # and address, CCAP will give you dealer buyout price.
**I was on the 67th day till my lease end. CCAP will not authorize dealer buyout within 64 days of lease end even with extension (per CCAP customer rep).
For the pros, anyone know why the personal buyout was more than dealer buyout? I thought with CCAP the dealer buyout is less than personal buyout? I’m in CA.