This is exactly how I think of it. Why get a “good deal” on a Sonata when I don’t want a Sonata lol. Just going to sit back and see how this all plays out. Loved my accord and hope to get in another one
I mean… personally I’d take the cash now, find something on a great special to tide you over 6mo. then swap that out for something you love once the market cools a bit or the right deal comes. Can easily find a sub 300 daily driver that you can move in a heartbeat on swapalease
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Not a bad idea, but still a little risky with this market
I mean the other great option is dump your car, takeover a lease now (payments locked in from pre-inventory crash) and chill for the 6mo. To a year to find the perfect deal.
Cars with great payments will be pretty liquid. Worst case you throw in $1000 of your cash from buyout as incentive to move it fast. Still up a lot.
I just tookover a 4,000 mile $64k 2021 X3 M40i for $560/mo.
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I’d grab one of these bmw i3, $50k msrp for sub $150 a month. Chill in that for 6 months and be up like $6000 all together, think about what you could lease if you throw an extra $6k at your next car. Certainly enough to compensate for driving an i3 for a few months!
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Man now I’m thinking about doing the same. Just got an offer for 3k over my payoff amount. I’m WFH so I don’t even really need a car. How much longer will this used car sale bonanza be going for?
So I just thought why don’t I check shift.com and see what offer they give me for my accord since my Carvana appointment is still weeks away…they offered $23,300 for my 2018 Accord Sport. I’m literally blown away. That’s 7k above my payoff!!! Granted I have a windshield crack that they will probably deduct from the offer but it shouldn’t make a huge difference. Setting up an appointment for them to come by this week
Update, CarMax offered me 24,400 
Carmax offered the most from all the ones i’ve tried. so very tempting to basically be able to drive car around for free.
Carnax offered me the most at 26,200. 4500 in equity from just 2 months ago when it was nearly negative.
I’ve been calling dealerships but nothing is working so even though I have all this equity it’s hard to put to use. Unless I sell it to carmax grab the equity and lease something extremely simple in the sub 200 a month range.
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Yes, selling the car with equity is exciting!
Trying to find a new lease is not very exciting. Here is an email from one of the dealers I was communicating back and forth, “Honestly, Chrysler has no numbers to hit anymore. Not with this shortage of cars. Its not like it used to be right now. Not sure when that will happen where big discounts happen again. It may be a year or so before that happens.” I think this may true for all manufacturers.
It doesn’t matter if I can’t get a good lease for another year. Weight out the positives against the negatives. So far in my lease, my payments towards the car have summed up to $9000. CarMax is offering me $8100 positive equity. I essentially drove this brand new car for 32 months for 900 dollars. I don’t care if i have trouble finding my next lease because I literally just drove a car for free
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Unload it for $8100 ASAP. That’s my advice.
You might not get into a car you really “want” but there are lease worthy cars out there.
Remember, people are always swapping out too so you could always take over someone’s lease in the short term.
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stop calling lol do your homework and come back with a better technique…
Take the 8100 NOWWWWWW
I’m telling you equity in used cars will drop by half sooner than you think. You drove your car for $900, that in itself is worth selling it now.
This entire market is in an asset bubble ready to collapse in on itself. Take the 8100 as fast as you can.
I have my own technique and calling is what I will continue to do. Did the last 2 times and it worked like a charm.
I’ve tried to run my GC through Carmax just for comparison and it tells me they want to see my vehicle and won’t give me a quote, Vroom offered me about 8k over payoff too so I’m probably going to take that
Take it and run
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I’ve had that issue as well. Sometimes adjusting the mileage +/- 300 miles can give a real quote.
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I’m trying too, vroom has not gotten back to me since the 29th