We have a trade in (quoted $7K) but I wanted to check with the brain trust if there are other ways to apply the trade value besides as a “down payment”?
Once I return this car in 3 years, I’ll have lost the $7K trade in value with whatever I lease next.
Has anyone been apply the trade in value as toward MSDs? Or any other way that preserves / maximizes the value going forward?
Deal details below. This is the best I’ve been able to negotiate over the last 6 months. I’m happy with it but would appreciate any pointers to make it stronger. I’d like to use trade in value towards MSDs to further reduce my monthly payments.
2021 Volvo XC90 T6 Momentum 7 passenger in TX zip is 78738. Not including trade in value and no MSDs the deal looks like with all payments capitalized.
MSRP - $62,525
Selling Price - $53,307.23 (includes all discounts / rebates)
Tax - $0 (covered with credits)
Fees - $1,343
Residual - 58%
MF - .00125
$0 down & 1st payment included. $0 walk out.
Going forward monthly payment is $639
Leasehackr score - 8.4
With 10 MSDs - 9.0