Got about 11 months left on current 2019 Kia Sorento LX AWD lease that I’m paying $329 a month ($0 due at signing) for right now. Carvana’s most recent offer puts me at $6k in positive equity but I’d need to replace it with something similar vehicle wise – i.e. third-row – and hoping to keep payment…

[image] max_g: Guarantee all these thoughts of putting $9,000 down on your next lease will disappear Better yet, cash the check, pull out a stack of 450 $20 bills and sleep on that.

I think you got my priorities correctly. It’s not about “making $9K”, that’s not a priority. It’s really the decision between buying out the existing GLC or leasing new. I think in my case (where an extra $20-50/month doesn’t really matter), we’d just lease a new GLC. It’s unclear to me that the ma…

You should really verify first if MB allows 3rd party dealer buyout anymore. When I tried to sell my MB last month Vroom came back after a week saying that they won’t buy MB lease. I got email from Carvana recently that they stopped buying MB lease. Your only options will be to sell to a MB dealer o…

MB stopped fully on 9/1. The 3rd parties just started earlier because they knew what a pain it would be if something delays it.

Is that confirmed by MBFS? I got this email from Carvana which did it state anything about MB stopped selling to 3rd party: “ Thank you for taking the time to submit your vehicle for a value with Carvana. At this time, we are not able to move forward with purchasing your leased vehicle as Carvana’s…

I don’t know if there is an ‘official’ but this post says 9/1 [image] CarMax will not buy my leased mbfs car Ask the Hackrs CarMax refused to buy my car yesterday(Aug 30). They said Mercedes Benz will not release the title to them after Aug 2021. Went next door to bidlin…

I’m not sure your question has anything to do with the brand of your car. It is simply should you buy out your current lease or should you lease a new car - isn’t it? I don’t think anyone knows when the market will stabilize - I had an analyst tell me it would be Q1 2022 and I was on a call with an …

I am in a similar situation and here is how I am analyzing it. In a normal market the lease would end, you would pay disposition fee, put down $3k and start another lease. There are many data points on this site, including your own, to see where leases were trading previously. The question is are cu…

I am in the same situation but with an x5. I’m going to order a wrangler 4xe which is the only solid deal right now. Sure, not a luxury car, but still a solid SUV to drive around until the market cools. It’ll be easy to get out of the lease at that point via swap or equity.

[image] CDUG: put down $3k and start another lease. No that’s not how it works.

Positive equity and replacement options in the current market

Ask the Hackrs

forbs September 3, 2021, 10:35pm 120

I don’t know if there is an ‘official’ but this post says 9/1