I saw online that a dealership still has a new 2023 GV70 EV for sale so I had an idea. I leased a 2022 GC 4xe in May of 2023 and got a great deal on it. As of now, it has about 13k in negative equity (43k is the payoff as of today) and since I’ve had it, there have been about 5-6 recalls and I’m just over this car.
They have it on sale for 14k off MSRP at $54,840. Would it be possible to trade in my Jeep and lease the Genesis? I’ve reached out to the dealer and the person who texted me got all these details and then I haven’t heard back so I’m guessing it’s a no but I wanted to see what you all thought.
–no expert like many others on here and still a newb to leasing–
-Is it possible? Sure! it all just depends on the dealer and if they want to play ball. They typically arent a fan of taking on other brand vehicles but simultaneously, if it moves one of their units, they typically don’t mind. However, in my experience, they tend to offer you less on your trade in vs giving it back to the same brand dealership (of course, lookonline at other dealers such as carmax/carvana/etc).
-The fact that you haven’t heard back doesn’t mean much. If you really really want it, just follow up with them tomorrow?
-Make sure to look at the RV/MF/Rebates and etc. Know the deal that you want, don’t chase the deal they offer you. Ultimatley you will be paying MSRP for the vehicle as the 14k loss is negated by the 14k off MSRP-my math may be wrong lol.
-hope that helps!
Lease support ended on the 2023 GV70 a while ago. 2025 GV70s are on the lot today. If a dealer still has a new 2023, it’s not because they’re the type to cut a deal. They’re waiting for their unicorn customer who will pay MSRP on a car two model years behind and like it.
