Currently in MA and got 2019 Cx-9 36/12k lease set to expire in Nov 2022. ( current miles :16k)
I am moving to Texas end of June - can you let me know which is better option -
1.sell and cash out possible equity and buy later in Texas
2. Ship same car to Texas and buy it at end of lease
TX charges sales tax on a lease on inception. I wonder if you buyout in TX then you don’t have to pay sales tax. Or do they have a master database of all that.
I just sold my 19’ CX-9 lease to my dealer last week. It too was expiring in November. They offered $100 over CarMax & $150 over Carvana ($28,500). The week prior from CarMax and Carvana was in the 25k range, so it spiked up and I grabbed the almost $4,700 equity. I checked pricing weekly since December and it wasn’t at the 28 plus range since February. But it also had a few thousand more miles.
You’ll want to plan ahead and order an incoming vehicle for no more than MSRP in this segment, provided it’s something relatively modern that came out in the last, say, 3 years.
The Pilot is the most outdated vehicle in this segment, and would normally need many thousands of dollars off to move off the lot.
Yes take the cash if they accept third party buyouts of your financial institution. But if you want another car take the offer to the dealer and have them beat it. Or even take it to your dealer where you got the car and tell them you want more. A few options all in your favor. I wouldn’t put money down on a new car. Put it in a separate account and deduct from there, just in case you need the cash for a rainy day.