I’ve absorbed just enough information to partialy confuse myself and could do with some guidance…
I leased a Tundra through Jim R nearly 2 years ago and it was a great deal and experience but it’s coming to an end in March (can extend 6 months) and I’m looking at a bunch of scenarios and I’m out of my depth and need some help.
The Tundra is through US Bank and has a lessee buyout of $36k and I have offers around $43,500. In Georgia I will pay $2500 Ad Valorum tax if I personally buy it out and title it. I gather that if I trade it to a dealer I wouldn’t own it and would avoid that tax; however I also read that I would need to lease something again through US Bank so that the dealer would get a similar buy out value from that lender rather than a higher value.
I guess my question is when trying to decide whether to go one route or another how can I narrow down the possibilities without wasting a bunch of dealer/brokers time?
I’m starting with this 2020 Tundra lease and a $23k 2017 Vw GTi which I own, and I would like to end up owning a 2022 Ram2500 and leasing a small car.
Should I look at trading the Tundra in for another lease (a Prius) and get some of the equity from the dealer as a cheque; is that a thing or would all the equity go towards the lease DAS and payments?
Should I look at buying the lease out, paying the sales tax then sell to Vroom or similar and start a fresh?
My latest thought was to lease a Prius nightshade, sell the Gti, place an order for the Ram to get a decent price and then trade the Tundra in at the Ram dealer when the Ram is ready.
Sorry for the lengthy ramble.