Denver, CO leasing deals

Ask the Hackrs
1

I have been leasing for quite a while now, but totally new to this forum, here is the situation I am in, and any help would be highly appreciated:

Currently, I have a 2016 Hyundai Genesis (Base, RWD) that I leased in August 2016. I think I scored a great deal at that time ($299/month, 36 months,12k/month) as they were trying to get rid of 2016s before they rolled out G80s and G90s. Because of the negative equity from my 2015 Sonata, I have been paying $400/month. At this point, I have about $23500 miles on Genesis and I really need to get rid of it (to lower my payments). I see that GMC and Chevy were offering great deals until April 2 and I totally missed out on it. From my understanding, my best bet would be to trade in my Genesis for ANY car with a lower payment. Also, I reside near Denver, Colorado, and most of the posts on this forum are for CA, NYC, NJ, MA, FL and TX regions. I need advice/help on the following:

  1. Should I trade in my car now to lower down my payment?
  2. What car should I go for? Which company is offering the best deals this month? I have a discount code from a friend work for GM, so thinking GMC/Chevy but open to suggestions.
  3. Is anyone on this forum known a dealer/broker in Colorado who might be able to help?

Thanks a lot everyone, and I would really appreciate your help.

2

You need to find out your buyout price vs it’s current value. There’s no guarantee you would find a deal with a lower payment if your negative equity is huge.

3

RV = 21000
Buyout Price = 28000

4

No offense, but you’re screwed. You need to keep the genesis. If you roll 7 grand of negative equity into a lease it will be ugly.

5

RV is not the current value. You need to check KBB for an estimate or take it to CarMax to get appraised.

6

Current value per KBB is 21k - 23k

7

Yeah, I kind of figured, oh well.