The current environment is one where ordering cars is usually the best price.
That means you’ll need to pick something that you’re also comfortable financing in case the RV/MF isn’t favorable at delivery. At least your selling price will be agreed to in advance.
After a bunch of dealers told me there was no room on the lease numbers (which I knew was bullsh**), I finally got something pretty good…or so I think (for this market at least). I came up with a deal that I would be comfortable with by utilizing the leasehackr calculator as well as edmunds. I contacted as many dealerships as possible (literally like 30+) until I found one willing to take my deal.
Vehicle is a 2022 Audi Q3 P+ with MSRP of $47,325
With just my equity from my current lease (just need to hand them back my car) and 12,000 miles per year (36 month lease)
$525/month
That includes Audi Care and everything…I don’t think I’ll be able to do much better!
Let me know!
What’s the discount like. Base MF? Can you post a sheet detailing your offer? Some brokers are doing up to 9% off in NJ, I think @aronchi posted some recently.
send us the deal - we have ample q3.
We have no idea what the equity in your current vehicle is…$500 or $5000, kind of makes it a key component of the deal, no?
You mention equity of $4500 - $7500 in your initial post.
Why would you take thousands in positive equity and dump it into a bad lease on a CUV? The ugly truth is Audi’s lease like dogs and in this market, it’s even worse. For context, I had an $63K SQ5 and now I drive a Nissan Frontier with cloth seats. Find a car that works for your needs and gets you through this bad market, save the money and bank it. Or, just extend your lease and try to find a better deal around the holidays.
Did you already sign and take delivery?
in normal times, 99% of lease returns were worthless. if one is lucky enough to have a lease return w equity, they should absolutely plow it into a new lease. granted, new leases are expensive, but that equity is found money, anyway - it wouldn’t exist if not for these market conditions. i’m not sure many people think like you do. call me crazy, but life is too short to go from an sq5 to a frontier.
Yes found money should not be used in pursuit of bad deals/ bad value. I think there are plenty of people who are reacting to the market in ways that are advantageous to their circumstances. For some that is flipping and for others it’s charging money for the names of dealerships that are doing decent deals. For me it’s a cheap short term lease to pass the time. A $47k loaded Q3 at something like $700 a month before paying down the balance with equity is a bad deal and bad value. 
Not when the equity is effectively house money that would not otherwise be there. That said, if the q3 is missing certain things, then you’re right. Some of them are missing blind spot and keyless entry.
Even if you want to stay in a luxury SUV/CUV, the Q3 MF is insanely high. The X1 is almost 50% less.
FWIW, you could have gotten another Q5 from this broker.
It’s funny how nobody who rolls all their equity into a new lease would cash out the equity and pay the higher monthly.
It’s the same amount that’s coming out of your net worth over the duration of the new lease. You just don’t have to see it.
Ignorance is bliss, I guess.
I don’t know about the Frontier specifically, but, given what MFs are like nowadays, isn’t there a slight advantage to using the equity as cap cost reduction?
If that were the thought process, put some more cash down out of pocket. Or do MSD or one-pay.
But no, it’s never a rationally explained use of the equity.
We don’t even know if the equity was maximized.
$27k to lease a Q3 for 36 months… ugh.
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