3 years ago, I got a good deal on a Hyundai Elantra 36/10 lease for $125/month +tax. My lease was ending so I got an online quote from Carvana.
The quote was for $15,403 which was far above my residual so Carvana gave me a check for $6,334.05. I even had a bunch of scratches on my front bumper and didn’t clean my car before they took it.
The total payments for the entire 36 month lease was $4,927.68 (tax included). The Carvana check was for $6,334.05. This meant I made a net profit $1,406.37 or I got paid $39.07/month to drive my car for 36 months.
$4,927.68 (Total Payments) - $6,334.05 (Carvana Check) =
2018 Hyundai Elantra SE
Selling Price: $17,081
Monthly Payment: $ 125
Drive-Off Amount: $ 500
Incentives: $5,900 total
1. Lease Cash Rebate: $4,000
_ 2. Uber Rebate: $1,000.00_
_ 3. College Grad Rebate: $400.00_
_ 4. BoostUp Matching: $500.00_
Leasehackr Score: 12.9
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