So the title say it all. Trying to take advantage of the tax credit and get in an EV, but I have $3k in Volvo payments remaining. Found a dealership who will cut me a check to Volvo Financial for the remaining payments and set me up in a Kia EV9 Wind for $609 a month with $1000 DAS (total drive off cost). Good deal?
Current Vehicle 2023 Volvo XC40:
Monthly Lease Payment: $399
Lease Status: 7 months remaining (Return Date: May)
Remaining Lease Payoff / Obligation: $3,282.94
Personally I’d take a chance of finishing the Volvo lease and take a new lease from scratch with no prior payments rolled into the new one.
I forgot to highlight- the dealer is paying off the lease - hence the $3282 lease payment in the deal.
Look at the math in the sheet, they are adding the remaining payments into the new deal. YOU are paying the remaining payments, but now you are paying taxes and rent charge on it.
Ahh damn- so obvious. I missed that completely. Sneaky. They told me they were covering the payments.
They always do, but no one is just giving you another 3k out of the kindness of their heart. The only time a previous lease is “taken care of” is if there’s an official pull ahead program, like Volvo. But that only applies if going Volvo to Volvo.
