lol I paid cash to get rid of it
That off-ramp ran right into you, didn’t it?
lol @Dany1122 didn’t actually wreck his car. Although, he was a trailblazer and one of the first since the pandemic hit to post about dealing with a Neggy Eggy.
Eggy in this context is his faberge egg shaped EQS. Which may actually be where the term Neggy Eggy originated on LH.
Let’s see what happens in April - either the customer pays or the manufacturer pays
I give at least a 30% chance the consumer is either broke or just gives the middle finger. An exciting third option.
Fourth option… 7 year leases. $400/ month Corollas.
and 40 year mortgages too. YOLO.
Is this how GAP works? What a guy… going to ruin his girlfriend’s credit as they roll a chunk of that into another beater at 19.99% APR.
In this instance,
GAP = Girlfriend Always Pays.
Hi all - I could desperately use some assistance. I’ve never leased before, and I’ve never been in this situation, so I’m at a loss… I was recently laid off from my job (I have a cosigner that will qualify for a lease so that’s not my issue), and I need to lower my car payments to however low I can get them, but it turns out I have a decent amount (to me) of negative equity. I have a Porsche cayenne coupe that I bought just 5 months ago with a payment of $760/month, but every dealer I talk to says I have about $8-$9k of negative equity. I don’t have the funds to put money down in addition to TTL.
I tried to look at the ZDX and the dealership I spoke to told me my payment would actually be $843/month, which I didn’t understand.
If anyone has any suggestions, please let me know. I’m really looking for an suv/crossover that’s AWD. Gas/electric/hybrid - doesn’t matter to me. Ideally I’d like a sunroof and a decent stereo system, but I can’t be really picky at this point.
Thanks
Sorry to hear about your job loss, that’s tough. That’s a lot of negative equity to absorb if you’re looking to have a payment under $760 with minimal down. You could potentially look at some base EV Mercedes options that are riddled with rebates. @max_g is more of an expert in this area. Good luck in the future!
What’s your negative equity based on the best bid from here?
They’re all over the place. A few of these places said I’d have $10-$11k in negative equity, and others claimed $5-$6k. Since they weren’t actually offers for my car, it’s a moot point since dealers will only go with their own numbers.
Do you have cash or 0 apr CC to pay the $5k? (I read that you got laid off)
You can lease a $300-400 small SUV after that.
They used to do this with Solar Roof too, maybe like 2 years ago. It was an instant quote with a rough estimate. I was quoted around $220k and ready to jump (a little more than double what a metal roof would’ve cost at the time) and had 4 Powerwalls and no energy bills. I got super excited, but that was the difference with “energy savings!” 
If I were OP, I wouldn’t put $5k on a CC. My $0.02.
I haven’t gotten an offer that was only $5k less than what I owe. The websites valued my car $5k less than what I owed but they didn’t offer to purchase it. But besides that, no, I don’t have cash or the credit card ability to pay the negative equity because I’m also in the process of building a house and I don’t want to go further in debt
Buying Porsches when you don’t have any cash in the bank. See it’s not only Nissan and Dodge buyers.
Tell your cosigner to make Cayenne payments until you find a job. That much negative equity is not going to disappear.