# Roll negative equity into lease **URL:** \ **Category:** Ask the Hackrs\ **Tags:** tx\ **Created:** [October 3, 2024, 8:25pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105 "2024-10-03T20:25:58Z")\ **Posts on this page:** 14\ **Page:** 1
**Author:** ![TXSquid78](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/txsquid78/32/161648_2.png) [@TXSquid78](https://forum.leasehackr.com/u/TXSquid78)\ **Post date:** [October 3, 2024, 8:25pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105/1 "2024-10-03T20:25:58Z")
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)? ---
**Author:** ![Jrouleau426](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jrouleau426/32/195763_2.png) [@Jrouleau426](https://forum.leasehackr.com/u/Jrouleau426)\ **Post date:** [October 3, 2024, 8:32pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105/2 "2024-10-03T20:32:22Z")
Rav prime se is around 550 all in for texas with 10k off msrp. Camry se under 500 also. Feel free to text if she likes something like that. Jim 215-359-6836 ---
**Author:** ![TypeSH](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/typesh/32/58696_2.png) [@TypeSH](https://forum.leasehackr.com/u/TypeSH)\ **Post date:** [October 3, 2024, 8:40pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105/3 "2024-10-03T20:40:11Z")
Let’s slow down a bit here, what’s the current payment? I see you’re trying to get under $500/mo. Is that with the negative equity? ---
**Author:** ![jeisensc](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jeisensc/32/224821_2.png) [@jeisensc](https://forum.leasehackr.com/u/jeisensc)\ **Post date:** [October 3, 2024, 8:49pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105/4 "2024-10-03T20:49:24Z")
> [@TypeSH](#): > > Let’s slow down a bit here We 👏🏻 need 👏🏻 DETAILS 👏🏻 to 👏🏻 help Current payoff? ACV? What are buyers willing to pay for this X3? > [@List of places to sell or value your car online](https://forum.leasehackr.com/t/list-of-places-to-sell-or-value-your-car-online/396451): > > For the quickest results: Copy your VIN to your clipboard and just paste it into each site. Quicker than plate lookup. Enter “I own the vehicle” where applicable — you don’t need to get into the details of your lease payoff or loan balance until you’ve eventually chosen one entity to sell to. Use a Google Voice or some other device you can turn off at will. Otherwise your real phone will be bombarded initially. In alphabetical order: Buyer Name Direct Link Review Link AutoCo… > [@TXSquid78](#): > > I suggested a lease to use rebates to tighten the negative equity 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 ---
**Author:** ![TXSquid78](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/txsquid78/32/161648_2.png) [@TXSquid78](https://forum.leasehackr.com/u/TXSquid78)\ **Post date:** [October 3, 2024, 8:55pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105/5 "2024-10-03T20:55:02Z")
Current payment is around 770. Current payoff just above 31k. ---
**Author:** ![djrabbi](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/djrabbi/32/204656_2.png) [@djrabbi](https://forum.leasehackr.com/u/djrabbi)\ **Post date:** [October 3, 2024, 9:41pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105/6 "2024-10-03T21:41:16Z")
If you are at breakeven, why the negative equity? Just walk away from the BMW and get a cheap lease. Best car to throw negative equity would be a much higher MSRP vehicle with tons of discounts. EQS/EQE, some Volvos, etc ---
**Author:** ![max\_g](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/max_g/32/9426_2.png) [@max\_g](https://forum.leasehackr.com/u/max_g)\ **Post date:** [October 3, 2024, 10:50pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105/7 "2024-10-03T22:50:27Z")
> [@TXSquid78](#): > > I suggested a lease to use rebates to tighten the negative equity What does “tighten” even mean here? The two of you need to have a conversation centered around how you’d be not doing anything with the NE except re-borrowing it. ---
**Author:** ![jeisensc](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/jeisensc/32/224821_2.png) [@jeisensc](https://forum.leasehackr.com/u/jeisensc)\ **Post date:** [October 3, 2024, 10:58pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105/8 "2024-10-03T22:58:06Z")
> [@max\_g](#): > > you’d be not doing anything with the NE except re-borrowing it And paying sales tax again, and rent on the negative and anything rolled-in. ---
**Author:** ![Spoonman](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/spoonman/32/233537_2.png) [@Spoonman](https://forum.leasehackr.com/u/Spoonman)\ **Post date:** [October 3, 2024, 11:12pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105/9 "2024-10-03T23:12:20Z")
What’s the maturity date on the loan? ---
**Author:** ![TXSquid78](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/txsquid78/32/161648_2.png) [@TXSquid78](https://forum.leasehackr.com/u/TXSquid78)\ **Post date:** [October 3, 2024, 11:29pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105/10 "2024-10-03T23:29:05Z")
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. ---
**Author:** ![TXSquid78](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/txsquid78/32/161648_2.png) [@TXSquid78](https://forum.leasehackr.com/u/TXSquid78)\ **Post date:** [October 3, 2024, 11:29pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105/11 "2024-10-03T23:29:30Z")
March 2028 ---
**Author:** ![TXSquid78](https://leasehackr.b-cdn.net/user_avatar/forum.leasehackr.com/txsquid78/32/161648_2.png) [@TXSquid78](https://forum.leasehackr.com/u/TXSquid78)\ **Post date:** [October 3, 2024, 11:30pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105/12 "2024-10-03T23:30:26Z")
By tighten i mean close the gap with rebates, etc. ---
**Author:** ![robrobrob](https://leasehackr.b-cdn.net/letter_avatar/robrobrob/32/5_5575768a8748004e209b776fc1b2916d.png) [@robrobrob](https://forum.leasehackr.com/u/robrobrob)\ **Post date:** [October 7, 2024, 1:47pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105/13 "2024-10-07T13:47:07Z")
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. ---
**Author:** ![system](https://leasehackr-assets.b-cdn.net/original/3X/f/7/f76e5433b417879e07ad6f0cee47e239c8f1cdd4.png) [@system](https://forum.leasehackr.com/u/system)\ **Post date:** [December 6, 2024, 1:47pm UTC](https://forum.leasehackr.com/t/roll-negative-equity-into-lease/603105/14 "2024-12-06T13:47:21Z")
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