I went to my local Kia dealer that doesn’t ask for a markups, told him I was looking to pick one up in April. He showed me his order book (FAT) and suggested I may be in line to get it in 12-18 months…
I think I may be able to get my hands. on a Palisade Calligraphy at MSRP, thats ~53,000 and my preferred choice, if I can find one available…
2020 GMC Acadia AWD SLE
Miles currently:34400
Monthly payment: $373
Payoff: $21880
Equity: $2800
Disposition fee: $0
Interest rate available to purchase 6%
tax rate 8.75%
OR
New lease:
2023 GMC Acadia AWD SLE
MSRP 43885, with rebates/discounts the # they are working with is 38435
Monthly payment: 404x36 months
Residual: 58%
Interest rate- 6.98%
$$ down-2800 (from car trade above)
I’d MUCH prefer a new car but am wondering if the 404 is an ok deal.
Have you verified with any third parties, or is this from one dealer?
It’s $31/mo more than you are currently paying, and total lease cost is $17,344+ which isn’t terrible
Did you check Edmunds or Rate Finder for this? Marked up?
Take the $2800 direct and negotiate for the new car separate, when you comingle that they usually steal money.
The 2800 is from the dealer. It seems reasonable because the car is selling for around 28800 online right now with my mileage so figure they have to make $$ too on it. The interest rate for the lease is what the dealer told me it was. (I know it’s not on the paperwork so I asked- she could be lying LOL)
Take an hour to get 3rd party buyout quotes online and confirm if you are leaving money on the table, and how much.
Both Carvana (25800) and Carmax (26400) are offering right around 26K via a quick online check—but with those I’d have to pay the taxes on the 21880 I owe b/c I’m loaned out thru GM and they don’t allow 3rd party sales. So I’d owe around 23800 instead of the 21880…meaning I’d clear around 2200 which is less than the dealership is offering.
Have you submitted an EquityHackr request?
I have not. Where would I do that?
Here
They will make even MORE money by letting you comingle it and hide some nasty fees in there.
Thanks! I just put in my request 
Two quotes are not enough. You need to click on every link in there for your region and paste your VIN
Number 6 on the list I sent
Are not paying top dollar currently
It was clear someone else had to say it…
Try AutoNation, Penske or sonic dealers near you. They can facilitate buyouts through their GM stores. Also try other large GM stores near you to get quotes from them
There are no Penske or Sonic dealers within like 200 miles of me. I put in a request for auto nation and was also told they can’t work with me b/c of my location. I’m not driving 200 miles to get a quote.
You do the simple, you google Chevy dealer , look at the ‘Brand’ (Autonation / South Shore / Penske) and then find a local Brand store (If not a Chevy Dealer) and see if they will offer you on the car
Hey, I have a 2019 Prem + Audi S5 lease coming to end March 15th. Looking to see if what I think my best option is makes the most sense. My lease is with VW/AUDI financial. The disposition fee is $500. The residual value of my car is $37,290. The current payoff is $36,132. I am thinking of extending the lease for the full 6 months allowed by Audi but unsure if buying out the vehicle is more cost effective. This will put me at a new lease end by September 23’. I have used Carmax, Algo, and Cargurus which show I either have little no equity in the car, or a small loss. The offers were $37,000, $37,200, and $33,641 respectively.
I love the car and wouldn’t mind buying it out but with interest rates in the 5 to 6%'s I’d probably be paying way more monthly than my current lease. I’d like to seriously reduce my auto payments since I no longer drive 70 miles a day, rather 2 miles for work. Additionally, theres a baby on the way and may need something more practical but this is not yet a major factor for me to get rid of the car yet. If I were to lease another vehicle I’d hope for something with no money down and monthly around $300. I could use the cost savings for other things in life, but leases are few and far between right now in that price range.
To summarize, I’m thinking of extending the lease another 6 months from here, and possibly financing the vehicle at the lease end if another lease that interests me is not yet available. Is this the most feasible and cost effective option, or is there a better option I may have missed?
Sell it for whatever equity you can get plus the saved $500 disp.
Look at the Marketplace for your next lease.
Does it make sense to return my 2019 530e (20k miles, 33k buyout) and switch to a 2019 X3 (37k miles, 31k price tag). I will miss the hybrid plugin but I may need more trunk space with our first kid due in June.
Do whatever makes financial sense, but I ditched my 5 series as soon as our first kid was on the way and didn’t regret it. But at $33k buyout I can’t imagine there’s much equity in that? Have you gotten any offers for it yet? When is the lease end date?