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17 Things About Best Luxury Cars To Lease Reddit | Best Luxury Suv Lease Deals 2021
- We have some familiar faces and new entrants to the luxury car list. The 2023 Acura Integra still reigns supreme as the most affordable luxury car to lease but is now joined by the 2022 Acura TLX and 2023 BMW 228i Gran Coupe. On the luxury SUV front, we see a reshuffling of the same five premium GM products. The 2023 Buick Encore GX has reclaimed the top spot over the outgoing Encore, as the GX received a more aggressive deal this month. - Source: Internet
- A way to prevent this situation, according to the Auto Club of Southern California, is to pay the sales tax and DMV fees as soon as possible and then return to conclude the deal with the title in hand. This transaction is called a “lease buyout transfer.” Contact your state’s DMV for more details. - Source: Internet
- Here’s what you do: After finding a trusted buyer, have that person mail a check for the buyout amount to the leasing company. Once you receive the title (the leasing company will only send it to the person leasing the car), sign it to release your interest in the vehicle, and give the title to the buyer. The buyer can then register the car and pay sales tax at that time. But be careful: If the buyer waits longer than 10 days, the state might try to charge you both sales tax, which would wipe out your profit. - Source: Internet
- Sell your leased car to a neighbor, friend or family member. This method requires a bit of trust, so it helps to sell your car to someone you know. But you can sell to any buyer you find, and it will get you the private-party price for the car, which is higher than the trade-in price that dealers pay. - Source: Internet
- Dianne Whitmire, fleet and internet director for West Coast Toyota in Long Beach, California, said she uses the equity in returning lease cars to help her customers in a variety of ways. She had one customer with two cars — one was a leased vehicle with equity and one a purchased car that was “upside down,” meaning that the loan balance was greater than the car was worth. “In that case, one washes the other” to pay off the loan, she explains. Experts say you might get more money if you are going “brand to brand,” meaning selling a Toyota to a Toyota dealership, although any dealership can handle the transaction. - Source: Internet
- It’s important to make sure all the numbers add up. Agree on the exact amount of equity you will receive and look for that amount in the down payment box on the contract. Alternatively, you can also use the equity to pay the fees required to begin a new lease rather than pay that money out of pocket. Finally, if you live in a state that allows a trade-in vehicle to reduce the sales tax, you may want to chat with the dealership to see what the best option is. See this article for more on which states allow this. - Source: Internet
- 24 year old finishing school. I have a few loans which I will be focusing on paying off first (which I am able to do in a ~3 months). My salary will be projected to be about ~120k pretax in MA. I was pretty drawn to the new 2019 Mazda 3 hatch AWD premium and have test driven it, but after further research on other threads, found that Mazdas notoriously don’t lease well and that I can be driving a luxury vehicle for the same amount I’d pay on the lease for the Mazda. I don’t plan to put any money down either. - Source: Internet
- Please note, though, that in some of the restricted cases below (e.g., Audi and Volkswagen), a third-party buyout may be allowed if the buyer is a dealership, not an individual — so be sure to read the fine print to be fully clear on your options. - Source: Internet
- I drive a fully-loaded 2019 530e and love it. I pay $625/mo, put almost zero down for 10k miles/year. I’m at 21k miles now. My lease ends soon: April 30, 2022. - Source: Internet
- What do ya’ll think are the highest quality luxury brands? Help learn me here. I’m not just talking “What’s the nicest car you can get for $100k-$300k” I’m talking on a $40k-$100k car or C/SUV probably. Which brand has the nicest entry level, vs mid to high tier? What are traits of each brand? Pros/cons of each? - Source: Internet
- You can also take your car to any other dealer, not just the one where you arranged the lease, and let the dealer buy the car at the trade-in price. The dealer will pay the leasing company what you owe and give you a check for the equity. However, don’t expect the money immediately in this scenario. The dealership will mail you a check once it gets a clear title, assuring that your car doesn’t have any outstanding parking tickets. Ask to get the trade-in agreement in writing and state the amount due to you, just in case. - Source: Internet
- With this in mind, you’ll first need to determine if your current car lease has any equity. The residual value is also the amount you can buy the car for at the end of the lease, so you’re looking to see if the car’s current value is higher than the residual value. Since you have the right to buy the car at the end of the lease term for that residual value, you can profit from the lease company’s inaccurate lower estimate. If, on the other hand, the car is worth less than the residual amount, you can turn the car in without incurring any extra expense. - Source: Internet
- Next, find the residual value in your lease contract. Subtract the residual value from the trade-in value and this is the approximate equity you might have. Knowing the current market value of your leased car and showing the dealership you’ve done your research on pricing will strengthen your negotiating position. - Source: Internet
- Experts, I am about 7 weeks from lease end and starting to research my next vehicle. Looking to get into a luxury brand (mecerdes/bmw/jaguar/etc) but I don’t want to waste my time or the sales persons time test driving these vehicles if this isn’t realistic. Let me know your thoughts. I live in central FL if that helps. - Source: Internet
- Hello! I am brand new to leasing and going deep into the research of it right now. I own a 2015 Audi Q3 I’m ready to get rid of and think leasing may be the better route for me – I don’t keep cars long enough to get value out of paying down and owning, like to have the newest tech/safety features, and would like to have less hassle/stress with maintenance, etc. Does anyone have any great advice on best ways to research leasing deals, how often I need to be looking or if a time of year is better, etc.? I’m researching luxury midsize SUVs and trying to find the right balance between monthly cost, lease duration, money due at signing, and a car I just dig. Also, since it’s nearly impossible to know what the next 36 months of your life are really going to be, how catastrophic is it if you have to break a lease early for whatever reason? Any intel on the above is hugely appreciated! - Source: Internet
- I’m looking for a new lease. I can go up to $700/mo. I want to put almost zero down. I can live with 7,500 miles/year. - Source: Internet
- The used car superstore CarMax is another place where you can go to get equity from a leased vehicle. In most cases, you can sell your leased vehicle to CarMax in almost the same way as any other financed car, according to the company. It will appraise the car or truck, then contact the leasing company for a payoff quote and process any equity you might have. - Source: Internet
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