ive never leased a car with trading in a vehicle with 14k in positive equity.
a few things have changed since i screenshot these: they are removing the charges for the $442 floor mats, the $1200 windshield protection, the $500 anti theft. which should bring the agreed selling price to $53k vs $55k
i have to have a minivan (7kids in tow)
my odyssey is unreliable and honda can’t repair it (no parts available-warranty)
the kia dealership knows this (they also own the honda dealership here)
26k trade in is more than i’ve been offered from carmax & carvana etc…
ive had a 2021 sienna and i hated it. we traded it for the odyssey.
I know these are going for around $900 a month with inceptions DAS. So your trade equity is helping. I sat in a few when we snagged a Sorrento SXP Plugin, and i couldnt justify the payment. If your dead set its not a horrible deal but i cant see using positive equity from a crazy reliable car to get into a unreliable car with footrests.
my honda is not reliable at all, thats the only reason we are trading it. it needs a new engine wiring harness, the part isn’t available to repair and its been this way since September and just dealing with honda corporate and the local dealers is a headache they wont give me a loaner or anything. its also got some other issues that honda cannot fix.
Ok but that’s not a plan.
Add up the rent charge on the lease and acq fee and see if you’re actually saving money by leasing first and financing second.