Couldn’t have found a better way to bust that negative equity and still wind up with a payment that would be great for a new i7!
Now… for the real hack… put it on Swapalease and let someone else payoff your negative equity for the next 3 years, and then you get another car…
Let’s say this was the best course of action. The car had several issues, including being hit by my wife. It was either get it fixed and to be claimed through insurance —which could risk losing our car insurance altogether (as companies in California are dropping coverage more frequently)—or face a significant increase in premiums, potentially raising the rates by $300–600 per six months. Additionally, there was already an at-fault parking accident in the past year, further complicating the situation.
Off topic here for a second, but it is going to be interesting to see what this car sells for in 3 years on the open market (Adjusted RV is listed as $65.9k).
Was at the dealer in SoCal today and the best I can do on i5 is 16% off. That’s still ~600 msrp for 76k 40i. I have no idea how they are going to move these