I’m on the hunt to buy/lease a hummer ev truck. I guess i just missed the wave on incentives, so I was brainstorming ideas. I cant get a dealer near me to go below 1200 a month on a new lease.
Would it be a smart decision to take over a lease from someone and potentially buy it out at the end?
For example if someone has a lease with 15-20 months left @ 1k / month, thats a 15-20k one time payment, and then capitalize on the low residual after the 15-20 months during the buyout process?
Thoughts?
No. 20202020
Is the RV actually low?
Those lease deals will never have equity
The few dealerships I tried to land a deal with were saying 65%. I was just guessing if I take over a lease and do a 1x payment of ~16k to last me 16ish months, and have a buyout @65k at the end. im in it way cheaper than 100k pricetag.
Buying out at the end of lease won’t be economically viable. Residual will almost certainly be more than market price.
Wouldn’t it be best in your case just to buy a used one? I see 2024 models in the mid-60’s on AutoTrader today in the LA area.
I am on the hunt for a purchase as well - sub 70k. I cant find a dealer wanting to play
Any reason not to use cars.com or AutoTrader and expand your search? You can even go out of state and ship or road trip your car back home! Seems like using a local dealer to buy used is “playing on hard mode”, is it not?! 
oh i def am searching 300+ miles. I’ve used the aggregator to help search but i think im wishful thinking at my price
Wishful indeed. You simply need to search nationwide and accept the fact shipping or driving it back from a far will be necessary.
The least takeovers with the attractive lease payments were all based on a very inflated RV
The leases prior to the tax credit ending had the residual bumped with the tax insentive. They are not mid 60’s on the residual. It is higher, make sure you know the exact number before trying to do this.
Thx for the RV info.
I think I’m just gonna finance. Their last was 72,500 pre tax no addons or packages. I got financing @ 4.58% /72mo
Just to share some TCO data. If we look at a “2024 GMC HUMMER CREW CAB 2X”
It has lost almost $17K in value over the past year and is still losing around $3800/mo, even now. Not sure why you would want to sign up for that kind of depreciation. I think you had the right idea with the lease takeover but just ride out the lease. Never mind that most grow tired of this vehicle very quickly.
