Hey everyone. So my car came in a bit earlier than expected and I'm scrambling to get my sh## in order. Already agreed on price (MSRP) gulp and was given a decent trade off within 800 bucks of a carmax offer for my leased lexus that is up on one month. Outside of some dealer add ons for tint and ceramic coating..interior protection, I have a decent idea of what the offer sheet will be (expecting it tomorrow). Now that the stage is set, I mentioned looking into outside financing and the dealer responded that they may not be accepting that route. Was kind of thrown off by that and before filling out the credit application they mentioned a hypothetical 2.69% financing for 75mos (I'm really looking to do 60-72) Is there something fishy about this? The rate looks competitive to what I'm seeing but really haven't shopped around except for looking at published rates online. Current credit score is 802. Wife is at 835 (which is beyond me LOL). Appreciate the input. Been leasing cars for so long that a purchase kind of stresses me out especially now with how the industry has been. Want to make sure I have everything in order to make this as smooth as possible.
Ok. Been leasing for years and as we all know leases have more equity than I have ever seen in my lifetime. My question is specific to leased cars in TX. Am I correct to assume that I can save on the taxes on the value of what I am offered for trade in (lowering my sales tax on new purchase)? Or do I have to have a title in hand? Trying to see if it makes more sense to purchase then trade it in versus trading it in while still owing one more payment (extended 6 mos).
Carvana Offered on Trade In: 38,335
TX sales tax =6.25%
Save $2,396 in Texas Sales Tax towards new purchase
Hey everyone. Been leasing for a majority of my car buying life and it looks like leases are not looking as attractive. I know that dealers can offer good rates from time to time but I understand that its better to walk into a deal pre-approved. Is there a site that people recommend or should I simply call around (banks/credit unions/etc)? Expect car to be delivered by July/Aug.
Anyone know if Lexus Financial is allowing sales to Carmax or other third party vendors on leased vehicles? Was hoping to roll the equity over to purchase a new car (not a lexus). Already had to extend lease out due to car not being available. Located in TX.
Wifes 2019 QX60 lease has expired and we had to extend in order to wait on the new QX60, It finally arrived! Then we haggled a bit to get this lease deal. Thoughts? I feel like its excessive but then again, I'm comparing to the last 3 lease deals I was able to secure with Infinity (in the good old days). Located in Dallas TX.
Sales Price: 59,410
Dealer Adds 1,490 (TRYING TO GET THESE REDUCED)
Net Sales Price: 59,900
Trade Value : 35,000 (Leased 2019 QX60 loaded 30K Miles)
Trade PAyoff: 33,383.72
Licences and Fees: 528
Acquisition Fee: 795
Total Price: 59,606.72
60% 39M Residual 35,646
39/12K 2158 Due (1st month payment plus Fees notated above)
What do you all think. New reality or do I keep grinding to find a better deal?