iki4life
Well-Known Member
- Joined
- Oct 16, 2017
- Threads
- 23
- Messages
- 318
- Reaction score
- 206
- Location
- Bakersfield, CA
- Vehicle(s)
- BMW 328i Sportline
- Thread starter
- #1
So this was my first time leasing, and my JL Sahara has been quite exciting to lease for the last 2.5 years. Ive been thinking about whether I want to buy it out, or return it altogether, and until today- I got a text from my dealer saying they are -
"Looking to pull people out of their leases early to gain inventory because our stock is low. COVID helped the market, especially leased vehicles. A lot of people have equity in their trades which is unheard of. You have $3000 in equity in your vehicle".
That was the exact quote I got. Residual is $28k.
So they are basically saying they will give me $3000 to return a vehicle that I dont even own. Ive never heard of having "equity" in a car, let alone a leased one. Is this too good to be true? Or am I being played?
Furthermore, I really like the Jeep and wouldnt mind buying it out, however, I have a 2 year old and a 2 month old who are growing like crazy, and the back seat is getting quite tight with carseats.
Im in a dilemma, please help.
"Looking to pull people out of their leases early to gain inventory because our stock is low. COVID helped the market, especially leased vehicles. A lot of people have equity in their trades which is unheard of. You have $3000 in equity in your vehicle".
That was the exact quote I got. Residual is $28k.
So they are basically saying they will give me $3000 to return a vehicle that I dont even own. Ive never heard of having "equity" in a car, let alone a leased one. Is this too good to be true? Or am I being played?
Furthermore, I really like the Jeep and wouldnt mind buying it out, however, I have a 2 year old and a 2 month old who are growing like crazy, and the back seat is getting quite tight with carseats.
Im in a dilemma, please help.
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