Advice on Upside Down Sitch + Current Lease Offer - South Fl (Miami-Dade/Broward Co)

And as an example on the “advanced” example I gave on the MDX, here is one:

The cap cost would be in the neighborhood of $36k+taxes+fees+Your negative. So maybe like $42k for the sake of this example. That cap cost would be your payoff to buy the car out. You would not owe the rent charge.

Now what’s the actual value of a used $52k MSRP 2020 MDX with a couple hundred miles on it? If it’s $42k, you could immediately trade it in to a dealer or re sell it and break even. Even if you have to roll in $2k to another lease you’re still ahead.

Just an example. The 2020 TLX could also be another idea, IIRC they have some huge rebates too.

You’d have to figure out all the numbers on your own. Same strategy could apply to any vehicle with huge rebates/incentives, but in the case of the fusion even with the big rebate it will still be thousands underwater.

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