These are the numbers on a 2023 sonata in my area Im looking at. I am trading in a car that im not in love with for this and its may first time considering a lease. Is this a decent deal? Could I do better in the Portland area?
trading in with about 8.5-9k of positive equity with plans to move onto another car in a few years.
I tried using the calculator but something isnt adding up. Im quoted 335 a month for my payment from the dealer however
I believe some have said leasing is not the best for every car(@max_g ), I don’t see why it’s a good idea to lease a Sonata after using 9k equity.
Checkout the nissans
That deal is horrendous, how many dealers have you shopped? Pocket your equity, don’t roll into a lease
Thank you for the honesty. It’s my first time and I’m learning. I’ve been looking around and am not committed to anything yet. You are correct I will keep my equity. Thanks for the advice
I think the issue of whether you should roll the $9K of equity into the lease is a different question from whether this is a good deal or not.
One broker here (@Jeff_BeachCitiesAuto) is offering under MSRP on all Hyundais but advises that one should strongly considering purchasing in most cases (Socal Hyundai Purchase/Lease Deals (March) - #102 by Jeff_BeachCitiesAuto).
Even if you want to get rid of the car after a few yrs, it might be a better idea to purchase the car (instead of leasing) and then sell it yourself.
Is there a reason why you want to lease instead of finance?
I would get an Altima SR 2.0 lease instead, those have a WAY better lease and its the same fully loaded type of mid size sedan. 18 month is the ideal term on them.
Keep a large majority of the equity in your pocket
Im fairly certain I want a different car in 3 years to be honest. Also im not sure what you mean by selling it to myself. Im not too interested in financing because APRs are so much higher right now. I want to pocked that savings in hopes of purchasing a vehicle that I truly want in the future after grad school and Ive spent some time reaccumulating a nest egg for myself. The current car I own has good positive equity and I just simply do not enjoy it at all, this is why im considering this path as well.
What he is sayin is make a purchase then sell the car and you will be coming out ahead vs leasing. Looking at the calculator you will be spending close to 20k on a lease. Expand your search to other dealer Portland/Vancouver dealers are terrible.
Thank you, im taking my time on this and im not fully dedicated yet so im being patient. Thanks for the help. I’ll expand to places like bend and further.
I do think I will sell the car though for the positive equity. My SO doesn’t drive much and we can comfortably live with one car for a month or so.
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