Year, Make, Model, and Trim: 2020 Acura TLX base
MSRP: $33,900
Monthly Payment: $340 including tax
Drive-Off Amount: $340
Months:36
Annual Mileage:12k
MF:
Residual:
Incentives:
Region:FL
Traded in a 2017 Accord lease. KBB had value at 16k. Payoff was 17k. 9 payment of 285 left so the bought it instead of turning it in.
Had multiple dealers offering close to this with delivery so I think it can be replicated pretty easily.
Can you please fill in the blanks? It’s pretty much completely useless to anyone else without the numbers filled in…
Also not sure what you’re talking about with the Accord. Did they buy it for your payoff amount or?
I am in a very similar position. My 2017 Accord EX Sedan (41k mi) lease is up and I’m considering my options. I owe around $1k in fees if I turn the car in and walk.
If I release or buy a new Honda/Acura I can cut that to $440 in fees.
My buyout is $15,598 and KBB says:
$15,817 - $18,124 (Fair Market Range)
$15,219 - $16,806 (Private Party Range)
I’m curious, what trim was your Accord?
I just test drove the TLX base and did like it. I was quoted $384 /mo with only first month payment DAS. They knocked like $7K off of the MSRP, too. You must have gotten a better discount though, or maybe some positive equity from your lease buyout?
Were you on the hook for those 9 remaining payments? I’m not understanding how anyone can “trade in” a lease that still has payments left without having any negative equity.