Edit: since this is now the top of the super thread, moving to “Ask the Hackrs”. When submitting this question, please tell us: if Lease is not with OEM captive bank (eg US Bank, Ally), who and what disposition fee is The residual value and disposition date (when are you supposed to turn it in?) C…

[image] maverick009: We’re a family of 4 with 2 young kids so we do need a 7 seater SUV. Can you elaborate? We are a family of 5 and don’t it. Also what is the current price/value of such car? Check at least carvana and carmax online by entering the VIN what they would pay for it.

Maximize any equity you may have before turning it in. TBH 27k + used car loan APR doesn’t sound very appealing when brand new Kia Sorento are mid 30 and Telluride/Palisade/Pilot are high 30s with lower APR, lower maintenance and much newer tech.

For a couple of years we fit three kids in a C-Max Energi. What prompted us to go minivan was wanting to be able to pick up nearby cousins too.

Grand parents visit us quite often so we need a 7 seater to fit all 6 of us. Checked Carvana and Carmax, what they’re offering for this car is pretty much same as my lease buyout price.

Checked at a couple places and no equity unfortunately :frowning:

Hello, We are leasing a 2022 Acura MDX AWD Technology Package: Leased through American Honda Finance and we live in PA. Residual Value: $ 35,280 on a 36-Month Term (Expires March 2024). 10K/yr Mileage Limit (Current odometer at 25,100). Current Payoff: $36,248.51. KBB Trade-in Range: $35,768- 38,…

I’d say there is no strong reason to keep holding unless everyone has options to lease a 7-seater is more expensive than a $30k used auto loan at an 8%+ rate.

[image] Carolina159: We are trying to decide if we should buyout the current lease or try to find another 3-row suv with a similar lease rate It’s a very quiet period in the Marketplace and just not a good time to decide whether the latter route is better or worse. Check in late Feb or late …

have you tried speaking to acura/honda financial services to find out about lease extension? each captive has their own policy on this. i was in your position a couple years ago, and acura fs allowed me to extend up to 6 months twice (so totaling 12 months) at the same (rather very low, since lease …

“Should I buy out my lease?” super-thread

Ask the Hackrs Buy/Finance

max_g January 4, 2024, 2:56pm 1285

That doesn’t necessarily mean much. Their bids could fluctuate with their ability to buy, ie their stock price.

Check the whole list: