Did you tell them that? They might be able to do a locate swap also known as a dealer exchange where they trade something they have for what you want.
Of course, they have to make money too. But I’d have to imagine there’s a middle ground in that $9,000 gap.
Point is that an asking price isn’t a selling price, so that very well may not be an actual $9k gap by the time the dust settles.
I did, because they had an unclaimed White w/ dune coming in April. He said the order/allocation sheet is just a few days out (from today), so I’ll wait to see that. But I’ll certainly ask about swaps if my desired color combo doesn’t come up.
I know what you mean, I’m just perplexed how its this large compared to the market. I know Carvana can’t buy out Mercedes leases, but I put in a quote with them to get a feel and it came back as $32,336! They’re selling my exact same car (with 30,000 more miles and no digital driver cluster) for $43k: https://www.carvana.com/vehicle/2252188.
It feels like they know the situation with Mercedes leases and are only giving out buyout quotes near the residual + taxes. I’ll keep looking though, my current payoff is $31k (which I’m guessing has my MSD’s subtracted already).
Update. I’ll add $38k from Autonation to the mix
Have 2 mos. Remaining on lease of 2020 m340ix. Excellent condition and under mileage. Looking to lease a 330e xdr. Dealer offering 1k incentive and equity of $40000 in returning car (buyout is 37k). Msrp on 330e is 49700. Lease price 715/mo, this is nearly the same as I’m currently paying on a car with msrp over 10k higher. Obviously, I’m not happy with this option. Would i be better off buying the m340, keeping it for a while and selling it later when new car prices will hopefully decrease?
So did you confirm the basics on the new deal?
How are they structuring the buyout, the 3K equity, mF and RV, sticker, fees, etc vs sell price?
Finally did you consider extending your current lease and then revisit and then decide?
If you want a 330xe have you run the numbers on a finance vs. lease? They qualify for $5,836 federal tax credit and BMW doesn’t pass that through on leases. You assume the resale value risk obviously, but could still be far better option vs. that lease.
Buy your current car and you are taking on the inevitable negative equity on it when market comes down. Lease new and bank is taking the risk.
My 2020 BMW M340 Xdrive lease is coming to an end in December of this year. I am not sure what to do. Car has been great. Had a busted windshield because of a rock so I had to replace it, other than that no issues. Car has been running smooth and had a blast.
With the state of the market and all the shortages I am not sure if it’s worth going into a new lease, I feel like if I want to stay in the bmw family the cost of leases these days are just not that great compared to when I leased my car at the end of 2019. I am also way under miles because of Covid I’ve been working remotely so I haven’t been commuting the last few years.
My question to the hackers here. What would you do? Buyout the car? Get a new lease? It seems the best thing to do is to sell the car to Carmax or Carvana or other providers since it has positive equity and then get another lease? Last I checked Carmax was willing to provide 9k over the payoff. I think that’s a good deal…but obviously I’ll need a car and getting hands on a car these days is extremely hard at a decent price.
Does leasing have a future anymore?
Order several wranglers.
Lol I don’t think I’ll buy a wrangler at all, not the type of car I’m looking for.
Hello! I am 15/36 months into my Honda CRV lease. I’m weighing the options of selling and starting a new lease in a different vehicle early. The CRV is a little small for my family ( leased before I had children )
My current contract is
2020 Honda CRV
I pay $299 a month
Residual is : 18068.40 (Sep 2023)
Today’s buyout is : 21,700
Current miles: 15k
Carvana quote today was 27k
CarGurus was 33.7k
Equityhackr: have not received yet.
I understand I have to purchase the car to sell it, but if im able to make 8-12k Its worth it to me.
I am not sure if its a smart choice, since I have this CRV for a great price per month.
I’d like to explore options for a Jeep Wrangler 4Xe, Toyota Tacoma - and I’ve thrown the option around for a Tesla model Y (purchase)/ F150 Lightning when they’re out (purchase). I am located in SoCal San Diego area.
any advice? Thanks in advance!
You dont have to purchase your lease to sell it if you decide to sell it to a Honda Dealer (Assuming its a Honda Financial Lease)
The main thing you have to be okay with is that a 15k a mile lease in the current market is going to be a lot more than $299 a month and usually takes multiple months to put together. Also you haven’t mentioned if you’ll take a base model or need something higher end. Nissan Frontier would be one of the lowest in the Truck or SUV class
A Wrangler is not giving you more room than a CRV. Not sure why you think a Tacoma is an improvement, either, at least not for passenger space.
How any of these vehicles address this:
CRV is better than any of the above for small kids and at only $299/mo.
We checked out the gladiator and electric wranglers. They def had more space in the back…
I’m hoping to take that positive equity and be able to make a year or so payments. And by that time figure out if it’s working well, If that makes sense
Also crash ratings in a Jeep surpass the CRV as well.
I just moved to socal and the two dealerships I stopped at both had dealer addendums = to the federal rebate for the electric vehicles. Neither cared to even entertain working with me.
Im a good amount under MSRP on both the Gladiator and the Wrangler 4XE in California but you’ll have to order it for that pricing.
Keep in mind that ever with discounts the lease is a lot higher than your current $299 payment
CRV vs Wrangler 4xe
Passenger volume: 105.9 vs 103.3
Cargo volume: 39.2 vs 27.7
Rear legroom: 40.4 vs 38.2
You are completely kidding yourself here.
The 4XE won’t be THAT much more after discount + rebate (okay May numbers sucked but still). IMO the 4XE won’t be ridiculously more than the current CRV lease, especially when you consider a CRV is around ~30k and the 4XE is ~60k.
The Wrangler is shaped like a box. When they measure volume they measure how many peanuts they can fit into that space, but that doesn’t mean it’s usable. I don’t think the Wrangler has significantly more space than the CRV, but the Wrangler is very boxy make the space usable.