My old Nissan is just about up and I’ve been able to secure equity of $5-6k in the vehicle. I’ve also located a new Sentra that’s a few bucks below MSRP. I’ve been leasing with Nissan for a good few years due to the deals I usually get but as we all know there aren’t really very many deals now.
I know that many here view the equity from the old vehicle as separate from the new, but I’ve been basically viewing this as a way to continue what I’ve been doing at about the same price as previously. If I were financing I’d want a Honda or Toyota etc. And those seem to be more expensive than their competition currently.
Would you lease a new Sentra in the low 3s considering my situation? If not, what would you do? Would love to hear your take on how you’d navigate my current predicament.
Numbers to be aware of:
There’s currently a $1200 incentive on these vehicles. MF works out to over 4 percent regardless of term.
A 2 year lease seems to be about $20-25 more a month than a 3 year. (Perhaps worth biting bullet on a shorter term lease as things should loosen up eventually?)
Sales price 20935
RV 60% 36/10, 71% 24/10
PS the old deal on the Hyundai Kona EV piqued my interest but that seems to be dead although the incentive in NY of $12.5k is still alive and well.