Trading my leased vehicle
#1
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Trading my leased vehicle
I have a 2007 TL base, non navi, WDP. I really want a Type-S for the navi and the other obvious reasons. I love my current car, but I would love to upgrade.
Here's the details.
I am 8 months into my 36 month lease, Residual value is $20500 (ballpark figure). My payment are $435, 0 down.
I was going to go in and talk to a salesperson today, but rain stopped me from doing that. Should I even waste my time going, am I going to get screwed over big time?
Thanks for any help!
Here's the details.
I am 8 months into my 36 month lease, Residual value is $20500 (ballpark figure). My payment are $435, 0 down.
I was going to go in and talk to a salesperson today, but rain stopped me from doing that. Should I even waste my time going, am I going to get screwed over big time?
Thanks for any help!
#2
...your payments left + residual = $32680...they'll probably give you under 28-29k for the car...aka loosing 4-5k there and paying more the Type-S...I'm sure other "lease pro's" will have better advice but IMO it's not worth it
#3
94 DC4 RS LSV/Turbo
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^ that is correct, I would put really light miles on the car and trade it in when the 09 drops, because then you will be paying 4-5k on a 4th gen which will be worth it, don't think the type s is worth overpaying, go out and get yourself a tomtom and call it a day
base tl with a tomtom and procats = stock tl type s
base tl with a tomtom and procats = stock tl type s
#4
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Crissy compare your payoff amount to the value of the car in trade and/or on the open market.
The difference between the two is how much you'll lose or make on the deal. You'll almost always lose, but every now and then, you can come out even or a little ahead.
If you decide to make the change, make sure you talk to Flow Acura in WS. My bet is you'll get a better deal there than you will locally.
The difference between the two is how much you'll lose or make on the deal. You'll almost always lose, but every now and then, you can come out even or a little ahead.
If you decide to make the change, make sure you talk to Flow Acura in WS. My bet is you'll get a better deal there than you will locally.
#6
Burning Brakes
It just doesn't make much financial sense and you're not getting much more care than you already have. No matter what car someone gets, there will always be a new one right around the corner with improved goodies. Just my $0.02
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#8
Find out what payoff is and negotiate trade in for whatever car you want. Anytime anyone mentions lease everyone jumps in with their negative opinions. Trading out of a lease is no worse than trading in your car before payoff.
#9
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Don't do it ... not only from the money perspective, but also cuz the 09 coming out shortly so that you can pick & choose between the 3G or 4G ...
Good luck!
Good luck!
#11
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Originally Posted by stillhere153
^ that is correct, I would put really light miles on the car and trade it in when the 09 drops, because then you will be paying 4-5k on a 4th gen which will be worth it, don't think the type s is worth overpaying, go out and get yourself a tomtom and call it a day
base tl with a tomtom and procats = stock tl type s
base tl with a tomtom and procats = stock tl type s
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