alozzy wrote: ↑
Sun Mar 28, 2021 11:39 am
So you are in it for $447 x 36 payments = $16,092 and CarMax is offering you $17,400 ...
How much did you put down originally? I'm curious what the original "sale" price was on this lease...
It would seem that your total cost on the lease is pretty minimal, you seem to have done very well out of it. We definitely don't get deals like this where I live.
I would have to look at the lease agreement to see what I paid. It was a loaded SL.
I put $0 down. Payoff is $15,568.63
I looked at CarMax selling my car, realizing they need to make about $1800+ on the deal (the difference between what they paid me and what they sell it for). My offer is $17,400, their website shows my car, comparable model and mileage selling for about $19,5K to $20K. Their asking prices are higher than their competition (Carvana, etc). They must get it if they are paying me that money.
As I stated earlier in this thread, the part I am nervous about is their ability to actually do this deal, that is to pay off my Leaf to Nissan Finance. Carvana says they don’t deal with leases with Nissan. I spoke to the people at this CarMax I am going to (twice) and they said they pay off Nissan leases every day! One dealer told me it could only be done thru a Nissan dealer, but we tend not to believe a lot of their lies. If I went thru the dealer, and he sent me an invoice to do it, it is padded with all sorts of stuff, plus I have to pay state sales tax to get the title, then turn around to sell it, and to boot, he said the Title and Registration in my state is done now all thru the mail so it would take 60-90 days to get the Title. In that case, I wont do it.
My appt with CarMax is Thursday, April 1. I will report back. Hope it is not an April Fools joke.
2018 Gun Metallic Gray, SL, Technology Package, etc.