i am looking to get into my first lease with Leasehackr’s help. I have a few reservations before applying though, my credit is not great (mid 600s) but I am willing to put cash down. I have a current fully paid off vehicle that I have been shopping around with offers for 16-20k from various places.
I am in Phoenix, and ideally I want a more luxury vehicle, however I know I am asking for a lot. I want my monthly to be under $350, looking for 2-3 years, 12k+ miles. Is this feasible?
Maybe a Pathfinder SV if you can find one.
Why not just keep the car you have and drive it?
Don’t trade-in your car for a lease. The dealership will fleece you! Have 2 seperate transactions.
100% the advice to go with here
So many people want to make trading their car and getting a new car one transaction when in reality that rarely makes any sense (unless you’re in a state that gives you a sales tax credit against the value of the vehicle you’re trading in). I’m mostly speaking for CA where such a sales tax credit does not exist.
Always maximize the value of your current vehicle and grind down the price of your next vehicle independently of one another so that dealers can’t move numbers around to make a deal seem more appealing “on paper”
I wasn’t going to trade my car in, I had a few cash offers for that range. However I don’t see getting a deal that’s worth it with my credit score to be honest.
Best financial advice would be to keep the current car and wait until your credit score gets better.
If you still want to lease something and sell your current car, you can start from here: