I’ve been offered ~$10k over buyout on my leased 2021 X3M40xi by CarMax and Autonation. Payment is $630/month including tax on my remaining 21 months of a 36/12 and I’m on target with my mileage at about 15k miles on the clock. I can’t figure out whether it’s worth it to take the $10k and finance a 2019 Golf R with ~10k miles. All in it would be $50,258 with tax, so with the $10k down (from the $ over buyout) leaves me a $672 payment for 72 months.
Any wisdom on making financial sense on whether this is worth it?
Your buying a 3 year, almost 4 year vw golf r for 50k? Brand new they were in low 40s. Your better off getting a brand new one. Its your money, golf r is great but not 50k great.
On this one I would keep driving th X3 and revisit in 6-12 months. Of all the things I might flip the equity into, that’s not it (even with the longer 6/72 factory warranty). Not for an even payment or that cost, hellz no.
And you’re good with paying the original MSRP on a nearly 4-year old car?
Aren’t there some decent cars out there available for new at MSRP, even if you have to perhaps order it? Seems like that’s a better route to go. If you want high-ish powered and AWD, you can find a WRX for below MSRP. A WRX Premium would be far less than this 3-4 year old Golf R.
Why not order a brand new 2022/2023 Golf R if that’s what you want? I can’t fathom paying $50k for a 2019 Golf R.
What does the Golf do that the X3M40 doesn’t? If you want a sportier car and don’t need 4 doors, get/order a M240xi, if you need 4 doors get the M340xi. I don’t understand the upside on spending above MSRP on a prev gen Golf R, that I believe has an inferior AWD system vs. the current model.
If you’re going to cash out equity and finance, I would sell the X3, and order something new @ MSRP:
Golf R (long wait)
M240xi, M340xi
S3/RS3
In 72 months (six years) you’ll own a 9 year old Golf.
45k is the 2022 msrp, iirc 2019 msrp was more like 40k.
Like the others have stated, this seems unwise. A used Golf R for 45k sounds insane to me compared to alternative options that require a bit of patience.
Respectfully, you might as well try to win an auction on carsandbids.com on something more exciting like a used M-series BMW if you’re willing to overpay - OR try to get on a waitlist for the 2023 Golf R (which will be the 20th anniversary edition) and hang on to the X3 for now.
I’m curious how it compares to the Golf at the moment. My uneducated guess is that it is pretty close, and I have to wonder why the hell anyone would look at a ‘21 x340 and a ‘19 Golf at the same price with similar miles and say “oh yeah, Golf for me!”
Add my vote to the “don’t ever do this” category.
This sounds insane to me on every level except getting equity out of your lease.
Even though it has ~3 years (guess, could be less) of warranty left that golf R will be expensive to keep up out of warranty most likely and you will still have 3+ years left on the loan.
The market is not going towards small cars long term in terms of resale value (golf R might do ok…) and an out of warranty VW is kinda rough IMO.
