I have been leasing for the last few years and when it is time to get a new lease, I would:
1). Contact the dealer for a new car I want and negotiate via email.
2). Bring my current car to the dealer (doesn’t have to be the same brand)
3). Negotiate the buy out (never had to pay or roll over payment) and new car lease deal
3). Dealer pay off the old lease and I sign a new lease
But if I want to get a new lease based on the deals advertised by a broker in Leasehackr, how would the above work? Does the broker have a designated local dealership that separately deals with the lease trade-in?
Its a pretty pointless question. Every broker has his own way of working and they explain it to the customer or should atleast before charging anything. How would these folks here know about it ?
it is going to depend on the dealer that the broker is working with
bottom line they should be able to give you a number on your car similar to any online used car outfit like caravana and most dealers will ask for pics and they can check carfax etc
have done that independently myself several times and I don’t see a reason why it can’t be done through a broker
and in all honestly , what surprised me several times , is on arrival , they never inspected the car
Understand. I suspect it was a little too general.
In the Leasing 101, if you look at “How to end your lease early”, same applies. Check with Carmax/Carvana/Vroom about buying your trade to see what it’s worth.
If you engage a specific broker, they can better assist you with how the dealer who will deliver your car handles trades. It can vary a lot between brokers and dealers, particularly in the COVID-19 era we live in.
And not ever discourage people asking general questions, but we all live in different states, are considering different brands, work with different brokers, so sometimes the general questions land like “how do you get your pens?” - some buy in store, some order online, some steal from the office, some don’t know because all the pens have been there 15 years — and then our follow up question gets us something like “I only use Pilot Precision 0.15 autograph edition in lime green pens” and we aren’t sure why it matters to you what the other 99.999% of pen sales are like, because it has 0 baring on your actual question. Specifics help.
In some states it doesn’t make a difference what happens to your old car.
But in some states if you dispose of your car in the same transaction as the new lease it could reduce your tax liability
no discount added, no loyalty, no incentives either. The posts here by brokers are in the sub $700 range for X5s, but those are all pre-tax, with only 10k miles, and you only get to choose from 1 or 2 vehicles they can get their hands on. But that prices jumps quickly when you add about $60-$80 bucks per month in tax + if you want to add more miles.
The benefit I get is that I get to build my own from scratch, and option it exactly how I want it.
