Just another case of sign now, ask and post later
Whatâs wrong in doing that in my case? I wasnât getting any better deal anywhere else. At least Iâm sharing the deal for others.
The way I see it is, at the end of the day, for 3k DAS I got $700/mo w/tax for T8 Inscription. I know itâs not a terrific deal, but itâs not terrible either.
You have to think about it as $6,000 DAS and $700 monthly. The equity from your current Volvo and the new lease should be considered separate transactions.
Still, itâs not a terrible deal considering the current market conditions and you are getting a great car for the money.
Terrible or not, whatâs the point in posting after you already signed? If it is a terrible deal you will just get ripped apart, and you already admitted it wasnât great, so why even bother posting it?
And since the dealer âinsistedâ on returning your lease and raping you for the equity,I guess itâs a great deal.
Heâs sharing his deal in âShare a dealâ, good or bad, and is not asking âhow did I do?â.
Increased inventory?
I understand itâs âshare a dealâ but not much of a point, if you already signed and admit it wasnât great, what do you expect is gonna happen?
Just drive the car and enjoy, why even bother with internet strangers making you feel bad about it? Makes zero sense.
Assuming this might be a good thing in NY. Would you get the âtrade inâ tax credit to help offset the taxes on the new car? Am I thinking of that correctly? Or are you still on the hook for the remaining taxes of the old car regardless?
Not sure about NY, but at least here in CA, dealers will not have to pay sales tax to acquire on lease vehicle from VCFS (I believe thatâs true elsewhere but donât quote me on that). So, at least Iâm not on the hook for the tax. I still pay whatever taxes on the new car though.
This is very good practice for everyone, even if OP asks How did I do?
Once itâs signed and burning gas, and the deal is shared, all thatâs left is to enjoy it (itâs an XC90 T8 Inscription, how could one not?)
Forum title isnât Share a Good Deal. I appreciate all signed deals here. OP doesnât seem to be looking for approval or a pat on the back.
So in reality this was 9k upfront and $700 a month for a 73k volvo?
I leased my XC90 in 2019 and wow this market is just insanity!!!
(I know not effectively 9k upfron with 6k equity and 3k cash since the 6k equity if sold to a 3rd party would have tax applied)
Not in California if the proper process is followed.
This is how it should be, however, reports are that vcfs charges the personal pay off to 3rd parties, even if it includes tax.
So then it REALLY is 9000 down (6k equity and 3k cash) or $950 month with $0 down?
After reading other threads, itâs kind of âmission impossibleâ to follow this process with dealers like Carvana/VRoom due to the chicken-and-egg rule of CDTFA-111. If you sell to your friends who trust you to give them the title later then the process is easy, otherwise itâs kind of painful, even though the process to get sale tax refund exists.
Iâd still say good deal. Can get no where near that in Illinois.
does this mean, used car prices will normal out in next 1-2 months?
Nobody knows. All it means is for now is that insane resale prices appear to have peaked.