As used car prices continue to soar let's reflect on the Great Positive Equity Wave of 2020. How did you do?

[gc2a]

Well if you look closely, the replacement for #1 had a $2000 higher MSRP, and we still come out about $2000 ahead even with higher payment (so no “wash out” there at all). Of course I knew that selling high would mean the new car’s payment would be higher. In fact, I directly address it in a post here:

How to take advantage of large amount of Positive Equity when new leases have gone up too?

So in light of all the articles I read about dealers needing Used inventory, I decided to check what my lease was worth, even with 9 payments left. 2018 Jeep GC Laredo E, $340/month all rolled in. Well, Carvana has offered me almost $4000 over the payoff. So naturally, my goal now is to find a comparable Jeep GC to lease again, so I can sell our current car to Carvana and make a considerable about of money (I would take the check and just make monthly payments from it for a few months). Here’s…

For #2, I made a conscious decision to get a nicer car, and after applying the positive equity and BonusDrive, the new payment is about $70 more… and I’m not sure how you figure $39k and $54K to be similar MSRPs…