Need to trade in upside down Cadillace Escalade ESV (interested in INFINITI)

I need to get out from under my 2015 Cadillac Escalade ESV Premium 2WD, currently has 112K miles. I’ve gone online and gotten multiple online offers ranging from $14.5K to $17.6k. Obviously I’ll need to roll over negative equity to get out of it. I am hoping to get a shorter term lease where I can roll over the negative equity and be out of it at the end of the lease term. I need a larger 3 row SUV. After tons of research it looks like the best lease deals that meet that criteria is the Infiniti QX80. II am not picky on color, trim, any of those items. I live in Nashville, TN and willing to travel up 300 miles to make the deal. am hoping someone here may have a deal that meets the mark.

Why do you need to get rid of? Rolling neg equity doesn’t ‘disappear it’ and is rarely a good thing to do especially these days with high MFs…as long as current car is running well just keep it until you are in a better position.

It’s starting to have issues. I’ve already had to have the shocks/struts replaced 2 times in the last year. I’m trying to avoid sinking even more money into an already negative equity vehicle. So far as the negative equity disappearing, I’m aware how that works, but willing to pay extra short term to be done with the negative in 24-36 months rather than continue to pay on something already upside down that continues to have problems.

How big is your negeq, better question how much pain of high interest negeq payments can you tolerate

Can you just pay off the neg eq yourself without rolling it? If not might be best to look for a less expensive later model used car with extended warranty and see if you can roll into that loan.

You may have missed the boat on the Infiniti QX80 deals. Inventory of the old body style is getting very thin and the new body style I’m sure will be all the money. What’s the price range you’re looking to get into? That will help a lot in determining what to do.

To consider

What is the neg equity? What work needs to be performed and how much is that? What is your current payment? How much time is left on the loan?

Neg Equity is easier to push out 24-36 months I agree, but you pay interest on that and you are kicking the can. If your neg equity will add say $200 a month to a 36 month lease or $7200 and you need $1200 of repairs - it could make sense to repair it, pay it off then shop. I don’t want to spend your money but you need to look at the entire picture. Sure a new lease is nice - but don’t let it bury you.

Yep. One dealer said a Luxe (MY25) is nearly $2.2k/mo on a 36 month. :exploding_head: :rofl:

Long shot but QX80 2024 model specifically Premium Select has 21 month lease options .00031 (.74%) 65% for 10k miles w/ $6k lease cash

Something worth exploring - Sewell Dallas has some demo units with low MF is something good

I was wanting to pull the trigger, but for some reason I can even bring myself to get a Armada/Patrol - maybe if they had difflock like they have in Middle East

But solid engine imo

iirc Infiniti does not allow their demo units to be leased? could be wrong

Not sure maybe you might be correct, but even the new unit are pretty nicely discounted

They did advertise $6k lease cash on demos too so idk

Yeah, I tried before and no dice. I’ve been contemplating picking up a Sensory just to have something around that has third row (AND I don’t mind the vehicle). Looks/drives good enough, I like the larger size, fuel mileage sucks. Although arguably a great deal on a the vehicle, I don’t see paying ~$800/mo for one.

There is $6.5k of lease cash (on new units) and demo’s have $10.5k dealer cash. If the demo’s could be leased that is a no-brainer lol.

1 Like

Have you sat your family inside one? Last time I did, the tiny third row legroom and non-sliding second row was a deal breaker for me. Also a nonsensical console in between the captains chairs that blocks access to the third.

Knowing how much you owe and remaining term is important here. There’s some near zero MF leases out there, but if you’re like $10k under water you need a fairly expensive vehicle to roll that into and still get approved.

Outside of the mentioned options, you could buy a 1 or 2 year extended warranty to cover potential repair costs. It’s going to be expensive at that mileage and age, but if you’re deep under water with a long way to go, it’s an option.

Currently owe $28.5K interest is 2.65% monthly payment is $637, I have 3ish years left on the loan. So with trade in offers I’ve received online, I’m anywhere between $12-15K in the hole.

Where have you seen the $10.5K dealer cash on demos?

Short of a catastrophic drivetrain failure, I think you’ll be better off riding it out longer. $12k negative rolled into a 24 month lease is an extra $540/mo minimum (0 MF). I don’t think you’re getting any full size SUV lease as cheap as your current payment, so you’d be at $1100+/mo with that negative rolled in.

Put that extra $540/mo you would add to a lease into paying principal only and you’ll probably be closer to break even in 1 year or at least the negative equity will be swallowable then.

1 Like

funny seeing this, im in the same exact boat.
same car, 2015 escalade ESV (91k miles), no longer need the monstrosity of a car…want to get into a QX60

I’ve got 19k left on the car, payments for another 3 years, 2.3% interest rate…i dont think ill have negative equity…if i sell to carvana, ill break even