Switching Tacoma Lease for Tundra Lease

Ask the Hackrs Buy/Finance
1

Leased a 2020 Tacoma TRD Sport in November 2019. Lease is up May of 2023. I have $2,600 left on the Ally lease and only 19k miles when I paid for 39. I really want to get out with some kind of equity if possible. Was thinking Ally wouldn’t let me out but just found a Toyota dealership willing to deal with it.

Looking at turning in the Tacoma for a 2022 Tundra Off Road. Is this a good deal?

Dealership is willing to give me:

MSRP: 50k
Trade Allowance: 35,500
Trade Payoff: 33,317
Net Trade: 2,183
Gov Fee: 635
Doc Fee: 180

Final Mo Payment: $560

2

without estimates from other sellers like Carvana, Carmax, Vroom, you cannot know

3

Its kind of irrelevant due to the Ally lease.

Most groups and sites can’t buy it.

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4

True, but still without any numbers, how do you know it’s good or bad? Just assume that price is right?

5

What is your buyout of the Ally lease vs a dealership buyout. It may make more sense for you to buy it (pay sales tax) and resell once you have the title.

6

Sometimes convenience is king

If Carvana / Vroom are $2000 higher but they can’t write a check…where’s the leverage?

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7

2k means tax and you ignore
5k means you buyout and sell it.

8

What’s your monthly payment now?

You need to know what value could be achieved if you owned the car.

9

This looks like an msrp deal on the new one. If you’re happy with the payments and the trade offer sign it.

I would pay $50-mo more and get softex leather, offrd/sport premium package and the advanced tech with 14” screen…

If interested in that deal and your local dealer doesn’t have it shoot me a text

Jim
215-359-6836

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