I’m in the Dallas, Texas area and need some help understanding some lease offers received on a ‘21 Charger scat pack.
I’m including two images of two different offers. Basically being told chargers do not lease well because of residual value. One dealer said it’s at 46%, and it looks like on one of the lease, it stated it was at 54%.
We keep getting payments in the upper 600s or 700s for 48 months, 12,000 miles. Leasing through husband’s credit, which is excellent. Do these deals sound right?
Hopefully the attached images have all the info needed. Our lease is up on our 2017 Jeep Wrangler Unlimited Sahara in October, but was told we could trade in early.
Good god. 2nd dealer is giving you $26.5k for your Sahara Unlimited. Unless that thing is currently trashed or has previous accident history, they are ripping you off big time. Don’t go back to that place!
Check carvana/vroom, too. $31.2k isn’t bad, but I’d expect that much as a normal trade. From these online places, I would not be surprised to see $32k-$33k.
Does TX give tax break on trades? Since your state charges tax on full vehicle price, that could be significant. So best course of action is to get a Dodge dealer who will match your best offer on the Jeep. Just don’t let that confuse your lease numbers, however. Take advantage of the tax, but get a check back for the equity.
Thank you for all the help so far. If we payoff the car now it is $30,033. I guess the $26k-$28k is for the dealer payoff. We still have six more payments left totaling $2,473, but are trying to trade in early due to getting close to going over annual miles. I didn’t realize you could sell a car you lease to a place like carmax, carvana, etc. Carvana did an online offer of $32,700. I’m not sure if Texas gives a tax break on trades. I’ll have to look that up.
Most people have an aversion to paying for extra miles, but if they’re 0.25 each and you need 500 a month, over six months that’s only:
500 * 0.25 * 6 = $750
Redo that calculation with your actuals, but avoiding [$750 in this example] by itself wouldn’t be a compelling reason for me to get out early and trade into something that’s currently leasing at a premium.
