No offense, but I kind of disagree. It seems like you’re not even actually SURE you need the extra convenience that an SUV offers.
That is probably the best idea.
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I don’t think you understand how money and leasing work. You are paying for the mileage you use each month. You are not recouping anything. You may be paying less for the miles by putting them on your other car, but it is an expense any way you slice it.
I get the feeling you just want out of your ES no matter what and are looking for justification.
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Did you actually check carvana and vroom quotes? I sold two cars to them the last two months, crazy pricing I got from them like many many others on here.
Carvana offered me $23k as of yesterday evening.
I see it as if I pay the difference now or pay for it over the term I’m still out of the money… yes I’m taking a huge hit in one shot.
Yes Miles is something I would put on any car. My paid off one, or my lease. Convertible is here to stay. Not to many around anymore and I just happen to like the look.
To other reply regarding miles- miles was over on last car unrelated to work. Only have 13k miles to date on my ES
Just a side note: a lot of people here won’t do that. You may came across some… “interesting” individuals but just ignore them.
That 41k payoff is dealer payoff or your payoff. If your payoff, then you might be less underwater. The mileage will be an issue for you. Best bet is the bolt or a grand cherokee base. If you have the IS i would take the jeep or jeep compass maybe? Good luck.
That’s my payoff. Called the bank twice. They said there is no dealer payoff. Thought that was weird but two different reps confirmed.
I clearly have no idea what I’m doing or maybe I do but, what’s the deal with jeep? Dealers want you to come sit and spend your whole day give no real numbers on what rebates are etc.
$500 utility trailer and $250 hitch.
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It’s based off total loan amount against invoice amount (or wholesale book if it’s a used car).
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Threads like these is why I come to this forum every night before going to bed
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Sell the IS convertible, use the cash to cover the loss on the ES and sell the ES so you’re nothing out of pocket.
If you have anything left over, buy a cheap used car for deliveries and in 6 or 8 months of not having a monthly payment, just use what you’ve saved to get a nice car you really like.
This is by far the easiest and most straight forward way out of the hole.
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@Isosunrise7 - Care to address these questions?
What is your 3-bureau credit score?
So you have 2 Lexus, prior credit problems, negative 14k on current car, and you want to cough up the 14k to get a Lexus SUV (or something that has a badge) because you absolutely “need” one.
Your best bet is to keep rolling negative equity into cars, it makes so much sense, pretty soon you will be driving an Elantra @$1500 a month, with 10k DAS.
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I have been biting my nails and trying not to throw up this entire time reading this entire post. Man, you are totally screwed and I truly do feel horrible for you. Most of us hope to be right side up by $1000 and that’s a deal! But you are under $14k… I just am hurting so much to see that, I am so sorry. On the contrary, it tickles me to see you are still picky and STILL sticking to luxury brands (Infiniti is the luxury brand of Nissan). You cannot be picky in these times. If you absolutely 100% NEED an SUV for whatever reason, I think your only options are to find a vehicle that is on its way out for a redesign, and pray you can find one with $14k in rebates to hide it all… usually Chrysler products have something close to these rebates. Otherwise, it feels like you’re just looking for a miracle. I wish you the best.
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Just to be clear… OP HAS 14k dollars sitting in his driveway and could easily get out of this situation.
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Why would you feel bad? He is 13 months into a 48 month lease and is expecting that to just go away? The only sensible thing to do is keep the car you have and just deal with it. If you really need room, get a trailer hitch and a tow behind U Haul type thing.
I’m sorry, getting another car and diving further into debt is just another case of someone not wanting the car they leased to begin with, no matter how this thread is presented.
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At least 3 different people have mentioned a trailer. How about it, OP? I’m also still not sure why a roof rack won’t work for you when the trunk of an IS would. You obviously don’t need that much room.
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You are putting packages in the back, not golf clubs. Get rid of what you don’t need (two luxury cars), don’t add unnecessary debt (a new luxury car), and get a used Toyota. Re-evaluate in X time when you are in a better position.
The GC Laredo could be a reasonable alternative (has a good transmission), but I wouldn’t borrow a penny more than necessary if you don’t qualify for tier 1 rates.