Here’s the calculator, I fudged the numbers a little bit + too lazy to input upfront fees.
Takeaway
Basically, we took a shit on my trade in value to trade for 5% more off MSRP to pay less taxes, which lowered my overall monthly.
Without trade in and just 10% off, monthly could be a bit under $700, but I would have to eat an upfront $8k loss by selling my current lease to third party and that is with a best case scenario bid. I decided to roll the negative equity and keep my cash invested (e.g, NVDA).
Could we have done better? Maybe, but man it is exhausting and I am just glad to be done!
It is more like a numbers game. Do we want less negative equity or more MSRP discount. In the end, the discount won out in terms of reducing monthly. The true negative equity was more around $8-9k, but I explained my rationale in the post.
Oh I found it. Seems like it is cancelable. Is there a template I can use and do I have to go in person for this lol
Cancellation
This Addendum is cancelable. To cancel the Addendum, You
must provide Administrator or Dealer with written notice
of Your request to cancel the Addendum. The effective date
of such cancellation shall be no earlier than ninety (90)
days prior to the date such written notice is received by
Administrator or Dealer. This Addendum may be cancelled for
a full refund of the Addendum Retail Price within thirty (30)
days of the Lease Inception Date, provided that no Waiver
Benefit has been provided. If cancelled after thirty (30) days,
any refund will be calculated pro-rata less a fifty ($50) dollar
processing fee, unless otherwise required by applicable law.
However, in the event a Waiver Benefit has been provided,
this Addendum will be deemed as fully earned, and no refund
will be due or paid to the Customer. To cancel this Addendum,
please submit Your request in writing along with a copy of
the Registration Page to Dealer or Administrator.
You have to do what it says in the quoted part of your terms. You should confirm that the agreement you signed, and the terms you accepted, meet the requirements of the state statutes.
).
Keep flipping! You will end up generating positive equity!
