I lease a 2019 Honda HR-V 10K miles 36 mo. $215 payment which ends in Feb. My RV is 13,595.20. Edmunds say MV is 19,254. Carmax purchase price is 22K. Since it’s Honda I have to deal with Honda so the Carmax amount is just to show what they said. I see other HR-V’s for sale, same year and same miles for 25K. I clearly have equity. I am thinking about leasing a 2023, if I can get a low payment. Local dealer shows 2023 lease for $249. How do I get my equity if I buy it or lease a 2023. I don’t want the money applied to the car. I leased years ago. Equity wasn’t a thing back then.
Also will my purchase price be the RV?
Looking for dealers in my area Southern CA 92592 with 2023 HR-V’s. My local dealer shows them on their website but none in the lot.
Both new car and used car prices are dropping. I would just ride out the existing lease and cash in whatever equity is still there when the lease is up. Since the 2023 HRV is a new model, prices are probably very high now, and should be better in February, since the new model will have been available for about 8 months by then.
I’m wondering if they will give me my equity and if the lease price is what I need, let me lease the new one without applying the equity to the new lease.
Can I get a check for my 2019 Honda HR-V equity when I go to lease a 2023 Honda HR-V? Years ago I leased a Toyota. I turned it in for a new lease and didn’t have anything DAS. Back then equity wasn’t a thing. I want to do that again but walk away with my equity.