Ending a Lexus Lease Early?

Ask the Hackrs Buy/Finance
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1

I’m sure this won’t be a good idea, but I’m considering our options. We have two leased vehicles and a financed vehicle. We only “need” 2 cars and even that is a stretch (most of the time I drive my wife to work and I’m wfh most days).

We leased the Lexus in November '23. Yeah, I know, 7 months ago. I can upload the agreement as well.

It’s a Lexus RZ450e, which probably doesn’t help matters. $841/mo.

The other lease is a Tesla Model 3 and we are very happy with it. The financed car is an Audi e-tron (2019) and we owe $32k on it.

I don’t expect anything will make sense right now, so this is for planning purposes.

Thank you for any input.

Best,

2

If there isn’t a metric shit ton of negative equity then getting rid of a $841 RZ and its insurance costs could be a great idea.

What’s it worth and what’s the payoff?

3

Thank you. This is the option to purchase that it’s giving me.

2023 Lexus Rz450e
Lease Ending: xxx62
Purchase Amount: $45,573.01
Valid Through: 07/03/2024

Let me see if I can figure out what it might be worth. Looking at used car listings on cargurus probably isn’t what you want.

4

Edmunds “trade-in” value is: $38,223

Is trade-in value what I need to consider in this case?

5

as an estimate yes or get a quote on carvana/carmax etc for a price floor

edmunds value won’t be an actual offer I dont think

6

Get actual bids

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