I’m in Nevada. I was under the impression a refinancing will cause new title to be issues and thus new registration.
Thanks for your answer - I actually did a thorough search of the DMV site and found some details on lease buyouts - it says no need for new registration for lease buyouts!!
Lease Buyouts
When you purchase a vehicle (Lease Buyout) you have been leasing, a Nevada dealer and/or the lienholder will collect the sales tax and the title fee from you that is due on the sale.
The dealer will submit the title and a Dealers Report of Sale (DRS) to the DMV. A paper title will be mailed to the registered owner if there is no new lienholder.
Out of state dealers should give you the title, a Bill of Sale or another appropriate document. Please bring all documentation to a . A $28.25 title fee will apply.
Registration No registration renewal or emissions inspection is necessary if the vehicle is not due for renewal.
You must have a registration issued in your name. A Nevada dealership is entitlted to collect a $5.00 duplicate registration fee. You will receive the new registration in the mail separately from the title.
If the dealer does not collect the $5.00 fee and you wish to have a corrected registration, bring the receipts and other paperwork to a …
90% sure I’m buying it out, just running it by here to make sure I’m not missing something. Lease is up Oct 1 and I need new tires which will cost $700 from a local shop. 1 year warranty remaining.
2021 m340 x drive
22k miles
Current payment $613
Buyout 36k
$4550 msd which I’ll apply to buyout
Definitely some equity available
6% sales tax on buyout
If I were to replace, I would want something similar (sport sedan or coupe) close to my current monthly which doesn’t seem possible. No EV.
I think Audi’s are leasing well right now, especially if you have Costco. S5 or S5 Sportback could maybe get you at least close. Won’t be quite the same performer as the M340, though. I also have a '21 M340 which lease is up in March. I’m completely undecided at this point.
So I extended my lease till September 30th. Thats what MINI Financial got me (3 Months more)
On July 27th the car was flooded and water got into the engine, so they needed to replace it for a new one. After a month, the insurance give the OK and they are now working on the replacement. I would probably have the car next week.
The payoff right now is at $25k, and before the accident I was considering financing the car and keep it , even now I cant get into a new lease with them given a Stop Sale that the MINIs are going through, so: given that hte car will have a brand new engine 0 Miles, would it be anyhow reasonable to keep it?
Or just that the report will say that the car was flooded it make no sense to do that and just give it back to MINI at the end of the month?
I came across this website in 2021 and it helped me with my first ever Car Lease.
I struck a good deal on the 2021 Toyota Highlander Hybrid AWD XLE.
Down Payment=0
Monthly Payment=$ 363
MSD=$ 3,500
Buyout Price=$ 30,063
Current Miles=41,500(Allowed 30,000)
KBB Trade in Value Range= $35,260 - $38,013
Private Party Price=$37,736 - $40,681
Should i buyout this car and continue driving it (monthly payment with current used car interest rate will be around $492) OR take the equity and lease another car?
Iam in need of an 8 seater vehicle and like to keep the payment below $400.
My yearly miles is around 15,000.
What are my options? Any suggestions is greatly appreciated.
These aren’t really accurate/useful to make this decision. The first post in this thread has a link to the post with all the buying services - get some actual quotes
Whatever you do next, you are probably driving too much to lease. Either buyout the current ride or purchase the next one.
Sold my 2021 Kia K5 to Kia dealer today. 14,100 miles. Went to a Honda dealer first that I had a KBB offer for but they said needed tires and my AC was not blowing cold and modified offer to $22,560.
My buyout was $18,846 online but the kia dealer give me a # with an additional $300 tacked on. They gave me $23,146 for it after also pointing out a crack in my front bumper so thought I did okay.
Only thing I’m not sure if is customary but I have to wait about two weeks to get my $4k check in the mail.
In California. We’ve got a 2021 XC60 AWD, highest trim I believe, 10k miles. Payoff quote is about $29k. Everything I see online suggests dealers sell it for about $35-38k at that mileage. Do I have any way to make a profit here without too much trouble?
What a dealer is retailing your car for is meaningless. In the first post of this thread, there is a link to all the third parties who might buy your car: go plug in the VIN and miles as-if you already own it, see what the real purchase quotes look like.
If it’s still worth pursuing, in CA you can buy out your Volvo lease (and pay the sales tax), resell it within 10 days of receiving the new title, and apply to get the paid sales tax refunded.
I have a 2020 Toyota Corolla LE that im leasing. 36/12k miles at $223 a month. no money down. I extended it for an additional 6 months now ending in October at $237.77. I have the option to purchase it at the end of the lease for $11,504.56. I currently have 27k miles on it. I also currently bank through toyota financial.
I want to get into another car, most likely another lease. preferably a hybrid but with another manufacturer because ill be driving more often now. What are your recommendations? I love leasing, i love driving new cars every 3 years but i want to keep my monthly below $300. Im a noob when it comes to trading in my car because i’ve always leased with Toyota so would love some tips on how that works??
I’ve seen a few deals that you would pay the whole lease up front which equates your monthly to a very low amount. Sub 250s for ~40k MSRP car. This sounds to good to be true.
If thats not possible for a hybrid, id settle for all gas.
I think that you should buy it out. I don’t think you’ll find anything under $300/mo, and very few options for even $400/mo, unless you’re open to BEVs.
i live in an apt with no ability for a home charger. So im a little iffy about getting a BEV especially in Jersey where it can get cold in the winter. I’ve heard alot of bad things about BEV’s in the cold but would be open to it.
Check in the marketplace. NJ has the best EV incentive program in the country. A lot of brands offer free EA charging, so with a little patience, leasing an EV with no home charge option is feasible
Yea, the range takes a decent hit during cold weather, especially northeast winters. NJ winter is pretty rough. The northeastern cold weather really puts a lot of strain on the battery.
