Buying my tacoma lease out through usbank. Carvanna is offering me about 5 grand over my buyout with tax etc. After I buy it from usbank how long do I have to wait before I can sell it. Trying to do this quickly so the value does not plummet.
Can’t sell it to them until you have the title in hand, in your name. Will come down to how long it takes USBank to process the buy out, then send you the lessor released title, then you take it to dmv to transfer, and then the dmv to issue you a new title in your name. You’re probably look at at least a month.
Ok, so once I get the title from usbank I have to go to the dmv to get a new title? Why would usbank charge me tax, title fees then? Wouldn’t the dmv charge me those again as well?
How much you think in vaule the truck would drop in that amount of time?
I’m not in VA, so I can’t speak to the specifics there.
I bought out my Honda lease right after Christmas. The buyout amount included sales tax. It took about 3 weeks for Honda to process my buy out and ship me the title, which included paperwork that confirmed I paid sales tax. I took it to the FL DMV, had to pay some transfer fees, but no sales tax as that was already covered. Fortunately, it FL, they’ll print a title on the spot for you, but if your state won’t, expect some more processing time.
During that period, the highest offer on my Honda dropped $3000. With that said, the “average” offers didn’t change a whole lot, just the one high outlier from Carvana.
Ok I think VA is the same tax wise. No I have to find out on title processing cause I would hate to loose 3 grand in a month
It’s a risk you take. Your alternative option with a USBank lease is to pretty much turn it in and get nothing.
yea this is a tuff choice. I wonder if I should check with other places to see offers if it drops alot.
Looking at either the 4xe rubicon comes out to a 36/12 lease but payment is 380 with 4K das because I’m in Virginia yet I can do a frontier pro 4x for 18/12 at the same payment with same das. I assume at the end of the lease neither will have equity in them cause market should bounce back by then. But people keep jumping at the 4xe deals saying it’s a steal. Can anyone please provide insight. Why is the 4xe deal better if it’s the same amounts?
Don’t open new threads for every question you have. Just keep it all in one place.
4xe stands a good chance of having equity at the end and has ample opportunity to capitalize on equity in the mean time.
Also, if the payment and das is the same, the equivalent payment of the frontier is significantly higher.
4xe = (35 X 380 + 4000)/36= $481/mo
Frontier = (17 X 380 + 4000)/18= $581/mo
Sorry. I didn’t know
4xe is also 50% more expensive.
I plan on running the lease to term so that’s why I didn’t think equity would matter in 3 years.
I know the effective is higher, I guess I’m what I am trying to say is technically if the car market bounces back in a year or so wouldn’t leasing be cheap again making the shorter lease smarter. This would get you a cheaper future lease?
Does that technically matter tho? Serious question. Does the higher msrp give an advantage? Thank you
Means you get more bells and whistles, usually.
Ok, but nothing in terms of lease or end of lease advantage?
If you plan to return the car at the end of your lease then no difference, other than what @mllcb42 said.
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Even during normal times, wranglers held their value quite well, so equity is possible
The problem is you’re front loading the frontier cost. Get a new lease in 18 months and you’ll have another big tax das.
Oh I understand . I am moving to Indiana in 4 months so I think they don’t tax the lease like VA.