Hi folks, my 2021 Volvo XC60 T6 lease is ending this month. The car has around 25k miles on it, and feels new. The contracted buyout value is ~$32.5k+taxes. On personal front, I will be looking at an overseas assignment around mid 2025, due to which I don’t want to get into a new lease. I can think of two options:
a) buy out Volvo and use it till I leave the country. I’ll probably need to replace tires and pay for annual maintenance etc, but I am okay with the costs and risk with an out of warranty vehicle for 1.5 years.
b) purchase a car that doesn’t depreciate much. I looked at Model Y but didn’t like the interiors.
c) lease a car for 24 months, but Europeans cars lease badly for that duration.
I’m leaning towards option a; anything I’m missing? Any other cars I should look at for options b or c?
Model Y definitely doesn’t fit that description. If you wanted to go down that route your best bet would a Honda HRV, Toyota Camry, Subaru Crosstrek, etc etc.
I have 21 White X3
Premium
Driving assist plus
Ventilated seats etc
Buy out is 31.5k
Should I buy or lease a new one with same features?
Thank you Hackrs!
Have a 2020 BMW 840i GC in socal coming up next month with the following:
$98,000 msrp (msport, comfort, da, dapro, etc.)
Buyout $52,000 (tax is on $45,000 after $7,000 msd)
Lease was 0 DAS + 999/mo incl tax.
Only driven 16,000 miles (got a Harley for commute…) in 35 months and I really like the car because I’d always wanted a 6 GC before they replaced with an 8 and I think this is the best looking BMW in their current lineup. Also may be cool to own in the longer term an 8 series with ICE when everything goes hybrid/electric?
With the rate hikes, I don’t think I can find anything close to this in today’s market. Carvana/Vroom are only offering ~$48-49K but most of the used ones in similar specs are close to or higher than my buyout with a lot higher miles (30k+).
What do you guys think? Is it a bad idea to plunge ~$55k into a 3-4 year old BMW or ok with some extended warranty? Financing seems expensive too so wondering if I should just pay in full.
Other option I’m considering is leasing a new X5 (had one before this 8) but I will be getting less tech (options) and higher effective payment for sure.
Thanks. Well carvana and vroom are offering ~4K below by buyout price not above. But if I were to buy the same car, I would think it will be more than buyout given not many listings within 200 miles. This has been a low volume model so there isn’t great amount of both new and used inventory… None of the brokers here are quoting an 8 series on their spreadsheets so I wouldnt know how much unless I ask, but I’m sure it will be well above my current effective monthly.
I have similar problem with my Niro EV.
Carvana offer is 4k below buyout and all listed models I see around same year/miles/trim are 2k higher than buyout.
I’m considering buying it out and use for few more years
I have a 2021 Audi E-Tron Premium with one payment left on the lease:
$71k msrp
residual value - $35,233 turn-in date feb 6 2024
current payoff - $36,861
lease payment - $819 including tax
state - CA
I am over-mileage around 5k right now. I still like the car but I believe I am under $6k equity currently based on kbb. Should I buy this out or turn it in? Any insight would be helpful.
