Lease Buyout Scenario Puzzle (Mazda CX-5)

I was in a similar situation on a financed CX-5.

After the accident i lost a lot of the value in the car. I used this market to get most of my equity back & sold it & got out of the “underwater” situation.

The car was also coming up on changing of brakes & other maintenance requirements.

Leased another CX-5 for little bit higher than i would have normally but reduced my monthly payment by $100 & saved $ on upcoming maintenance.

My advice, better to pay little bit more in a short term on a new lease, instead of being stuck with negative equity once the market dies down (some have seen offers dropped already).

$2,500 is not enough equity, this can evaporate tomorrow in this crazy market.

This thread may have useful information.