Car Totaled in lease?

volvo
sedan

#81

Hello all

Got a call from Geico and said car is a total loss. It was $32,484 in damages and agreed it will never drive the same and too many electronics in the vehicle.

So my issue now is I doubt we can get another s90 at the price we got ours for but don’t mind spending a bit more for an SUV. Wife like the XC90, Velar, but I told her to buy a car this time around for the same price we may pay for a lease. Thoughts?


#82

Kind of depends on what car you want, no? Figure out what you want, or rank them, then see what leases better vs finances better.


#83

You can’t buy a car and pay the same monthly as you pay on a lease without big down payment.


#84

Yes we would look at used car between 35-40k which would be same lease payment or so


#85

That’s the issue. I wish Xc90 has good stuff


#86

That little fender bender caused $32k in damages – wow – I expect insurances rate to trend upward with all these gizmos in the cars


#87

Man you ruined her resale value. Should have gotten her a starbucks card at least too.


#88

Yeah but I hit him going 35-40mph

Yeah she said electronics pushed it over


#89

Knowing electronics are super expensive, are you sure you want to own a used one?


#90

I would DEF get warranty no matter what!


#91

Why do you want to buy this time?
Did you do multiple security deposits on the volvo?


#92

I haven’t ruled out leasing but I feel like we wouldn’t be getting a nicely loaded car like we did with s90 at our price point.


#93

start searching


#94

@ursus, when is FYE for Volvo?


#95

What do you guys think about this deal? I talked to Geico and they said I can max out my rental of 30 days and get other party’s insurance to over another 30 days for rental purposes. I think this is a good deal though mileage is a bit low but it’s $100+ below our targeted budget

www.swapalease.com/mobile/lease/details/2017-BMW-X4.aspx?salid=1317973

Merry Christmas!!


#96

It’ll cost you a grand + to ship it to the east coast, so add another 60 to the payment for the remaining term…not that far under your budget now. And can you live with only 640/mi a month?

Merry Christmas to you as well


#97

I think it’s a dealer so I can probably work something out with them on pricing.

Wife’s job is a 8mile commute 3 times a week now since we moved much closer to the city


#98

No idea, but I hope in March :slight_smile:
Where is 3.7 when we really need him? :thinking:
@okboye?


#99

Why do you think it is a dealer? Doubt dealers do lease transfers.


#100

Persons email shows a domain as a dealer website.