Should I Sell My 4Runner for a Huge Profit and Lease a New Car?

Ask the Hackrs
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I recently took out an $18,000 car loan and purchased a 2021 Toyota 4Runner Limited Edition for $13,000. I set aside the remaining $5,000 to cover over-mileage fees on my current lease—a 2022 VW Tiguan R-Type, which is 25,000 miles over the limit(drove to canada i think twice lol).

Now, I’ve received an offer from Carvana to buy the 4Runner for $37,000, meaning I could walk away with ~$24,000 in profit after paying off the loan. While the 4Runner is a solid SUV, its outdated tech has me missing the modern features of my Tiguan (Apple CarPlay, digital cockpit, etc.).

I’m considering selling the 4Runner, paying off my loan, and either leasing a 2025 model or financing a lightly used 2023-2024 SUV with better gas mileage and modern tech (moonroof, better infotainment, etc.).

Would leasing a 2025 model be a smart move, or should I look into financing a brand new (or used) SUV with my profits? Any suggestions on models or deals that would fit my situation?

FYI, I have a family and really enjoyed owning VW’s for years. The Tiguan in particular has been clutch. However, that engine is so weak, its a shame. I also drive too many miles.

Thanks in advance leasehackr family!

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For $24k profit, sell it.

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Sell it and lease something cheap.

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sell and repeat the same 4Runner magic again :slight_smile:

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Did you get offers to sell the leased vehicle? The hit might be less than paying the overage. Maybe not on a vw but worth checking.

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Whats the buyout vs market value on the tiguan?

After that :

Leasing a new 4R probs not the smart move unless you social media the crap out of it.

Buying it probably makes more sense, but check mmr to see what kind of rudimentary flipping opp there is if any.

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I did from Carvana. They offered $17K. I have a buyout for the VW at @19K

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How did you buy a vehicle with a $36K MMR for $13K? Share your dealer… Then take down this post so the IRS doesn’t have evidence.

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Prob has crazy high mileage. But who cares, it’ll last forever

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This is an absolute no brainer. SELL

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So do you still have the Tiguan also? I would sell the 4Runner for profit; sell the Tiguan to the highest bidder that gets you close to payoff and pay the difference (or maybe you break even).

Then purchase a nice used Toyota again? Since you were 25k miles over on the Tiguan, are you sure leasing is for you?

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Take $10k of it and put it on whatever is the closest color to what the 4runner was. Red, black?

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You can finance a brand new Tiguan or Mazda CX50 etc for 0% and 0.9% APR

“Lightly used” is often the worst of both worlds. Price is not far below the discounted price of a new one. Give up much of protections (warranty, lemon law etc) for very little savings. Then those savings evaporate with the higher APR of a typical car loan.

If you’re fine with an EV there are great lease deals.

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There is definitely something missing from the story here, as $13k for that vehicle makes no sense at all. If the vehicle has stupid high mileage and is half wrecked the price still impossible. :laughing:

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6k in profit. Forgot the loan…

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No high mileage. 25K miles was on it. It’s one of those “deals of a lifetime” situations.

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I definitely thought of that. I only tested Carvana for kicks and giggles but Carvana won’t take a leased VW. Got this message from them: “We love buying cars from our customers but Volkswagen Credit policies prevent Carvana from paying off your current lease, which stops us from purchasing your car. This bums us out too."

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Pretty sure AutoNation can buy out a VW lease since they have affiliated dealers in their network.

Also, while chains like AutoNation, Carvana, and CarMax claim to be “no haggle” on the buying side, I know AutoNation will compete on the selling side if you have a higher offer and they want your car. If there is EchoPark near you I have found them to make the highest offers recently.

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Did they forget to mention that it was a salvage title or something??

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Purchase price of the car is $13k. Offer to buy is $37k. How do you get to $6k in profit?