I want to give a quick shout out to Equityhackr.
My situation was that I was 22 months of a 36 month lease of a
2020 Kona Ultimate Electric. Auto Lease Ninjas got me a lease that basically
amounted to robbery. Hyundai does not allow third party buyouts.
You can return the car and pay the balance, or you can get a buyout letter.
I had ordered a Tesla Model Y, and needed to dispose of the Kona. To drop
the car at a dealer, walk away, and satisfy the lease would have been about $3K.
To do a buyout would cost me about $27K and then I’d have to register and plate
it before I could sell it, and some quotes were not that great.
So I figured I’d give Equityhackr a try.
Dealing with them was completely transparent. I had a quote and a proposed near $1300 equity value the next day. (Apparently the dealers get a better buyout price than the person holding the lease does.)
I could have had the car picked up and the check in hand that day, but my schedule didn’t allow.
So I had the car picked up the next day and had the check in hand as it was driven away. Oh, and right on schedule to the minute.
I was a bit nervous since it happened so fast, and I tracked the car to
the Manheim auction site in PA. They informed me it would take about a week for
the transaction to show up in my Hyundai account. Sure enough, a week later my
account reflected that the vehicle had been returned. So going from a potential
$3K out of pocket to near $1300 in pocket was worth it.
Deal with Equityhackr with full confidence.