Ill try to make this short and sweet. My better half purchased a 2021 X3 demo 3 years ago. A few months later she was told she would be working from home indefinitely. Fast forward 3 years and only 18k miles on the car, she is ready to move on from the high payment. We haven’t officially gotten a quote from other dealers, but based on what her buyout is, KBB and other models like hers in the state, she is about break even at 30k. My guess would be 3-5k less to be on the safe side. I suggested a lease to use rebates to tighten the negative equity and she is not opposed to it.
End of the day, outside of an EV, are there any good leases available for around 500/month with 1st month and taxes DAS (in Texas)?
Why? If you are excluding EV, not many examples are stacked with rebates. And in Texas, as you know, you’re going to pay tax on the full price of the vehicle, unless you choose one with tax credits, which may not be an example stacked with rebates, unless you’re looking at an EV
The base numbers i am using are based off of kbb value compared to what we owe. I know that a dealer is going to give us less than that number so we will be in negative equity buy probably 3k. Im accounting for about 10% less than book value. I know its not an exact number but just basing it from experience and current market.
If the goal is to lower the payment, I don’t think this isn’t going to work unless you look at a much cheaper car. Rolling 3000 into a lease will likely add over 100 a month to 500 payment. You aren’t saving that much on a monthly payment.
Your thinking is right, in that a lease is the way to go if you want to get out of high monthly payment and have negative equity. We have debated doing this but we have a much bigger payment (1150), so it is much easier to lower our monthly payment.
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