MSRP: $46,465
Selling Price: $43,212 (7%)
12k/36m
Residual: 68%
MF: .0029
Incentives: $0
Government Fees / Acquisition Fee / Dealer Fee: $1,296.50
Total Drive-off (including fees): $4,357
Monthly w/ Tax: $501
LeaseHackr Score: 6.9 (nice)
Drive-off covered by positive equity in current lease.
It’s an improvement over previous Sorento numbers but still nothing to write home about. Over two such leases you’d have almost paid off the car and owned all the equity.
It’s still your money. Skipping the steps of taking a check / depositing it doesn’t change that fact.
Make sure you’ve made the best effort to maximize said equity.