Anyone has any Intel on mid to large size SUV with the most and discounts including factory rebates? Trying to get out of a vehicle with a lot of negative equity…
Looking for a short term lease with a strong residual and money factor… And it can be either EV or gas
If OP has a traditional finance on the current vehicle, then trading it in would yield some sales tax savings. Since in TX he will only be taxed on the difference between the cost of the new vehicle and the trade in value of the current vehicle. Of course, if current vehicle is leased this will not work unless you’re staying with the same captive on both vehicles.
There should be a sticky that rebates and discounts don’t do jack as far as paying down, washing or wiping the negative equity. These are just words that salespeople use to hoodwink people who don’t know better. They’re just another way for a bank to lend more money to you.
Everyone who asks about rebates and NE apparently doesn’t understand that they’re re-borrowing it and then repaying every cent of it plus interest and tax depending on the loan/lease structure.