Hey all,
From NY here. Currently lease a 2019 Acura RDX SH-AWD for $500/month with 5 months left.
Current dealer payoff is $27,921.48 - Have a VROOM offer for $30,729.
Question is - should I wait until closer to the end of the lease to go with the offer? Will the profit number increase if I wait? Or is this a great deal and I should take it asap?
Thanks in advance!
you have an offer now that makes you money. Your other option is to rely on the fact that someone here is able to see the future, which I don’t think is a viable option.
Well, the longer you wait, the longer your car depreciates but your payoff will be lower as well.
I believe that we are currently in an inflated used car prices situation, you might not have this chance in 5 months.
I would get an estimate from CarMax and Carvana as well and take the highest offer. Absolutely worth it, and go into a new lease or finance fresh with positive cash in hand.
Used car values right now are abnormally high. They’re going to correct eventually.
The real question is if you get rid of this now, what will you replace it with?
Thanks! Not entirely sure what I’m going to replace it with yet. Thinking either an Acura TLX or a BMW 3 or 4 series.
might want to look at those lease before selling this. BMW leases are way up compared to normal.
Try ALgo as well. Their offers have been very high to say the least
now’s a good time. all honda and acura values are through the roof after the factory shutdown last month. they will correct.
Thanks everyone. Appreciate the feedback and advice!
My 2 cents - get as much as you can out of it now, IF you are in a position where you don’t have to immediately pick something else up (i.e. you have other means of transportation). It doesn’t make sense to sell high if you’re going to buy high. If anything, pick something up temporarily from swapalease if you struggle to finalize a decent deal now.
You need to be aware as to whether VROOM can buy out your lease. Many finance companies or banks will not support the lease buyout. You are locked into the Acura/Honda dealer network buying your car. You should check with the folks at VROOM to see if they can purchase your car from your leasing company.
Honda allows 3rd party buy outs still.
and people are making a killing selling to them lol.
I am in a similar situation but with $7k equity if I sell to Vroom now.
The only problem is not sure what car to get and would be paying much higher now to replace my car. Decisions, decisions… 
This is the issue I’m having. I have $9k in equity in mine, so I might have to take advantage of it and just pay more on my next lease.
$7k equity is pretty darn nice. I’d look into what you want and go for it. Ended up selling mine to AlGo and it was really easy. Went with a Honda Accord Touring 2.0T which is an AMAZING car. I usually go with a luxury brand, but the Accord drove better and had more features than anything else I tested.
Just got out of my Acura lease last month with Carvana. The only caveat was that it couldn’t be the final 2 months of the lease. I got out with 3 to go.
Carvana is offering 15k on a 14’ Cruze LTZ with 50k miles right now. Just insane!
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