Closed a deal on Toyota highlander limited decently loaded.
Year, Make, Model, and Trim: 2021 Toyota Highlander Limited
MSRP: $ 50095
Selling Price: 45095
Monthly Payment: $ 616 (added GAP protection)
Drive-Off Amount: $ 1475
Annual Mileage: 10k
Leasehackr Score: 7.5 (calculator is little off)
Congratulations! Did you get GAP through the dealer or get quotes from your insurance?
Also, which bank did you lease the car through?
geico doesn’t provide gap so went with dealer .
Out of curiosity, if the vehicle is pretty close to instant equity, why get GAP?
Total waste of money. See if you can cancel immediately
I don’t think you can cancel gap
I’ve canceled GAP with TFS before. I believe if it’s still the same terms you can get 100% refund in 30 days and prorated after
This is more for my edification but how did you calculate instant equity from OP’s description?
I did not run any calculation, it was based on the OP’s previous threads where he/she was asking about whether the 2021 Highlander Limited was a good deal and their plan to buy it and then flip it in a few months predicated on the assumption that with the $5k discount that the vehicle has instant equity.
I guess i shall buy it and try to flip in 1-2 months or years. Should be breakeven or little ahead.