Jrbrannan
Well-Known Member
- First Name
- Joe
- Joined
- Jan 2, 2018
- Threads
- 39
- Messages
- 583
- Reaction score
- 703
- Location
- Bloomington, Il
- Vehicle(s)
- 2018 JLUR Ocean Blue 2008 Highlander Hybrid (previously several CJ-7, YJ, TJ, JK)
- Vehicle Showcase
- 1
Yes- anything less than residual will be basically negative equity that you will pay extra on the Jeep.Dealer I’ve been in contact with is offering $14,000 as a trade in for my GTI. Saying that $14k will be applied as a discount to my Jeep.
This can’t be right, right? It’s a lease. The $14k can’t be equity for me. That would go to VW right? The residual is slightly higher than $14k, so I would actually be in the red in that regard, right???
What am I not understanding?
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