I plan to lease a 2022 Volvo XC60 B6 Inscription before the end of the year. I am waiting until there is more inventory so I can find the options I want, which include the seemingly rare air suspension - a must-have. My 2019 Kia Optima SXL lease is up 9/30/21. I hope to get an extension, but at the moment, the online quotes are for at least $3000 over my buy-out. If I push back getting my Volvo a month or two more, am I likely to lose positive equity or is the chip shortage going to drag on past the end of the year? I drive about 500 miles a month, so instead of 16,000 miles, it might be 17,000 in a month or two, which should have a minimal impact on value. What do you all think?
A post was merged into an existing topic: Positive equity and replacement options in the current market