I have a 2020 Volvo XC90 that has about $10k of negative equity. There are some pretty insane incentives on ID.4’s in the area right now. MSRP: $57,271 Selling Price: $50,000 Tax Credit Incentives: $12,850 Additional Incentives: $1,750 24mo / 20k miles $0 Down $226/mo If I rolled in the neg…

[image] masonwear: Seems like it’s worth shopping around to let the incentives soak up the negative equity and be at a lower total cost over the next 2 years. Then go into something fresh. Keep in mind every shopper there is entitled to the same incentives. That’s just the market clearing pri…

That makes sense! So, it seems the most significant piece of the equation in my mind needs to be the MF, as you mentioned earlier.

I helped a friend with a plan to get out of a negative equity situation after her transmission went out and it didn’t make sense to fix the car. She took a personal loan for the negative and made payments on that separately from her new car loan. (I recommended further that she roll the personal l…

Yeah now that you’re a supporter you can take a look for vehicles that have a low money factor. Of course you’ll also want to make sure the lease offer (dealer discount and consumer rebates) with the vehicle is attractive as well. Some cars with low MF this month include the 2024 Mazda CX9, 2023 L…

You are aware Volvo will not allow you to trade it into a Non Volvo dealer right? $800 sounds like a lease payment.

Stop chasing your tail. Write the check for the negative equity and just get what you want. You are spending too much per month to drive something that you wouldn’t have considered without the negative equity

I feel like if people had that type of dry powder lying around, they wouldn’t be upside in their cars to begin with. Is Volvo still doing that program where someone can roll negative into a 24 month lease, but then accelerate the lease-end when they roll into another new lease in late 2025? Or has…

Sell the Touraeg to cover some/all of the negative equity and get out of this punting cycle. You got the Volvo with negative equity built in don’t make another mistake. Then you can save up for your next off roader.

[image] masonwear: Yeah, I just got an offer from CarMax for $32k Check also Rodo, Driveway, Carvana and AutoNation.

Worth Rolling Negative Equity into Highly Incentivized ID.4 Lease?

Ask the Hackrs

Zenek February 15, 2024, 6:23pm 29

Or anyone you want from that list.