Yes - I’m open to leasing same vehicle again, but I’d want the payment to be less than $600/mo.
I’m also open to just selling my car to any dealer if they can give me the $45k trade in value, that would net me +$10k. Then, I can go lease any other car I want.
I have to figure out something fast…
$45k will be a stretch, especially with the redesign next year and the market softening.
KBB just gave me a $43,000 cash buyout offer online.
Now you gotta find a dealer that will honor it. Try some other places too, you might get $45k. Did you try CarMax?
did not try carmax yet - ive tried them 3 times in the past before, spent 1 hour doing the inspection, and low-balled me by $3-4,000 lower than carvana / vroom all 3 times.
You don’t need to do a full appraisal to get an offer. Just get a instant cash offer, it’s gonna take 2 minutes
For some reason, the last few times I tried it, it always asked me to bring in car for in-person appriasal.
Just tried it for this RX 350, and got a $43,400 offer. Not bad. Thanks for suggestion.
My current RX350 is $60,000 MSRP. My lease buyout price today is $35k. KBB trade-in value is $45k.
In order to lease a similar luxury SUV, in this market, it looks like I’ll be paying $800/mo. with 2-3k down.
I’m now leaning towards just buying out the car and keeping it for 2 years. After 2 years, I can probably sell it for $35k (I drive only 5k miles/year).
So, what do you guys think of that idea? vs selling now for $44k, getting $9k profit and leasing a new SUV for $800+/mo. ?
Did you look at the Alfa Stelvio? It is leasing for the high 500s with 3k down.
I will check it out, but I need something loaded. My current RX350 has pretty much all the packages and wife will not want to downgrade
Buying out your car sounds way better than spending $800+ on what used to be sub-$500 cars.
The other option is cashing out your equity and financing something that holds its value well, like a new RX. Or something electrified that has a big federal tax credit.
MSDs make no sense in this environment, and Lexus Financial appears not to be offering them.
It does make sense and Lexus financial is offering it, you just have to find a dealer that understand MSDs
You can get a better return on an i-bond
You can do both. The dollar max on I Bonds is really low.
My lease also has a KBB trade-in value of $45k. However, when I attempted to make deals with many different prospects, the best I could get was $39K. Don’t count your chickens until your eggs are hatched.