I think this is a slick deal. Turning in my Tundra at the end of next month or selling it here.
The price below includes any taxes and fees I must pay to purchase, register and get a clean title to sell to someone else
Timing on delivery will depend on if I get a buyer or not sooner then later. As it gets close to lease maturity, which is April 20th I will most likely just turn it back in. Also ya gotta front the money because I don’t have $41,900 laying around
If this isnt slick enough and I should take it down someone yell at me.
Year, Make, Model, and Trim: 2020 Toyota Tundra SR5
Location: New Jersey
MSRP: $46,628
Sales price: $41,900
Current mileage: 19,200
Condition: No accidents. It’s fineeeeeeeeeeeeeee
Because I know how much this market sucks right now and I figured I’d help out a fellow hackr if someone wants it. Otherwise it goes back to the dealership.
I assume you think its a “slick deal” because your ask price is likely higher than your account payoff. The issue here, whether you are with US Bank or TFS, is that you cannot sell the vehicle privately. That is, without purchasing yourself, with would entail additional expense (truck price could increase to market value, sales tax/buyout fees would be applicable, etc.)
Because I worked as a broker and I’ve delivered cars. You’d need to buy out the lease, pay tax, and register in NJ to resell if not selling to a dealer that TFS will release the title to.
Not if you can’t legally buy the truck. You OP gotta buy the truck to resell it to a third party if you’re not a dealer 1st or 3rd party buying it out. It’s just not allowed - I’ve never seen it and if you wanna do it, so be it.
Besides I know your buyout isn’t 30k because this is a MY 20 truck, Toyota doesn’t release the next MY till fall, so this had to be released fall of 2019, for it to be maturing now means a 24-month lease from early 2020. Right when they were cheap. Back then the residuals were in the high 70s low 80s percentage-wise, so by math, I’d say it’s improbable for it to be even close to 30.
Lol that’s my point though. Who said I’m not doing that. All insaid on my post was that someone can have the truck for almost 42k.
never laid out the process of how I’m getting to that number. I’ve been a hackr since 2017, with all due respect, respect your senior members, I’ve been doing this longer
I guess I have to waste characters by explaing how the process works.
I notice I have enough equity in the truck to buy it out. Pay taxes, register it. Take it to wa-wa and buy a sandwich anddddd still offer it for what I think is a good price to others here.
The only thing I said that was subjective is it may or not be a good deal at $41,900. Again if someone wants to pay $41,900 for it then they can take the title from me and go about whatever they need to do to register it in whatever state they come from.
Don’t even pull the age card. I’m 18 and I’ve sold more cars than some of the salespeople I’ve worked with.
If you have so much equity, go sell it to a dealer and avoid paying taxes. You’re losing what 6% in NJ to that? Besides, I have 30x the read time if you include my former commercial account.
I think if you clarify that you intend to buy it out and then resell it, you’re fine, but you should be upfront about the time frame it takes to execute that and that you’re expecting someone to front you the money for potentially months waiting for the title to transfer.
Also @HersheySweet I was kidding with you , lighten up. That’s why I put all the lovely emojis. But now that you mention you are only 18 defffffff respect your elders hahaha. When I was 18 I thought I knew better then all those stupid adults and regardless of all your wisdom packed into a shirt amount of time I have something you don’t…
Wisdom over a lonnngg period of time. You can’t replicate that yet. Like watching the grass grow. No matter what I’ve seen more grass grow them you.
Keep in mind that we don’t have good clarity into what experience people do or don’t have regarding buyout processes, and there are lots of people that post here unaware of the nuances.
And I have the Brooklyn Bridge to sell. As a matter of fact, I will give you the ultimate slick deal and trade you straight up for the Tundra. Don’t worry your senior self about how I am going to get title to the bridge.
