I don’t know how to figure that out. I am sorry.
Maybe I missed something, but is the dealer cutting you check for the equity, or are they directly putting that toward your new lease?
Sell your car to the highest bidder and get a broker for your new Volvo. I think this is the best path going forward. You stand to lose $$$ if you go it alone.
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Directly putting it towards the deal. I managed to talk them up to 37,000 for the trade. Carmax gave me below my buyout price at 28300.
Then lets work on that. Theres nothing more valuable for you to learn when trying to get a good deal than being able to determine what that actually is.
You can not effectively negotiate if you dont know what the deal you have in front of you is and where youre trying to be.
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Maximize your equity and then put that down towards financing a new RX.
That’s a relatively more transparent transaction and less likely you’ll be ripped off.
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Let’s do it! How do I do it?
Theres a great video in the leasing 101 that covers the basics:
Assuming $10K trade equity (since you’ve written that in other thread[s]), your actual DAS is, like, $10K, not $478?
What payment are you looking for on the car?
Anything under 700 a month.
My due at signing is 850.
If you have positive equity in the car and the dealer isn’t cutting you a check, that means that you are effectively giving that equity over at signing.
Your effective DAS is the $850 + the positive equity of the car.
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That makes sense. So I guess it’s a bad deal then? I should just sell the car to caravana or something and keep looking ?
None of your offers are even remotely close to that payment. Are these the only 2 cars you’re stuck on.
Lexus can be had at around 750 a month for 72 months with 10k down, granted the lexus is at msrp.
Just use a broker, there are plenty in your region offering volvos. Take your equity as a check, not roll it into the next lease. You don’t HAVE to sell your current vehicle to the dealer facilitating the next deal. What folks are trying to tell you is get quotes from multiple online entities.
Please look here for brokers. All are reputable and legit:
This thread will show you the numerous places to value your current car:
https://forum.leasehackr.com/t/list-of-places-to-sell-or-value-your-car-online/396451/146
3rd: READ READ READ. Learn how leases and the calculator works. This has been said numerous times.
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What if the value of the car on the websites is less than what the dealer is offering me? Should I just ask the dealer for cash then?
Why do you want to specifically sell it to a dealer? You have carvana, carmax, vroom, driveway
Is the lexus dealer giving you the new RX for msrp or is there a discount?