What if they were willing to give you the full amount of your payoff as your trade allowance? That's kind of the predicament I'm in. Payoff is $37,994. I went to a couple of dealerships this past weekend and was offered as high as $37k for trade allowance. I ultimately didn't do the deal based on the $994 negative equity. They were also offering $3500 off MSRP on the GT2. I know I could probably do better on that front as well. With those factors, plus the .9% for 66 months and the tax savings based on my trade... I'm really debating whether to pull the trigger.
Considering I got my 2018 GT2 for ~$40k I wouldn't trade it unless I got the 2019 GT2 for a similar price. The wireless charger is like $300, the 360 cam will be figured out soon enough as a retrofit for ~$2k I'm sure. I might add the cameras to mine but I can't see trading it in.
How much did you put down? Hard to know without all the numbers. Also, unless you are going to buy out your lease, I don't think this makes a lot of sense for you.
$1000 down plus 1st lease payment. I got a lot of incentives/ discounts on my initial deal. Problem was, I wanted to purchase but the only incentives were thru lease. I did have a trade which they paid in full, no equity positive or negative. But I did get to take advantage of the tax savings. However, now I'm in the predicament of having to pay taxes all over again on a lease buyout (Texas law) plus the interest on the conventional financing of the buyout (lowest rate I've found 3.15% for 66 months). If I continue to lease, I'm stuck with the absurd money factor of. 0019.
PenFed has auto refi at 2.49.
That's only on a 36 month loan. 3.49 for 60 months. I know I'm never gonna recoup all the money I've invested in my 2018 but at the same time I'd much rather "start over" now than wait till lease end. If it wasn't for the tax situation, I'd have bought out the lease long ago and wouldn't have minded the APR on the financing.
I thought the Canadian models had the missing features the US version was denied(heated rear seats, 360 cam, wireless charging port)?
Yea I think the internet routing at my work is putting me through Canada for some reason. I'm in the US.
11,650 miles since February. obviously the 12K mile/year lease limit wasn't working for me.
I had the Snow White GT2 for 2018. That wasn't my first color choice but it was my close 2nd. I now have the Ceramic Silver with burgundy interior as well for 2019. I know exactly what you mean by finally getting the car I originally wanted. So much so, that I decided not to lease and purchase this one. Still got $4k off MSRP, $39k on my trade ($1000 positive equity) and .9% for 66 months. Due to my trade allowance, I only paid $593 in taxes. I'm ready to do some mods since I know this one is really and truly mine.
I also traded a 2016 Optima SLX for my Stinger. I didn't think it was a big deal that the Stinger doesn't have a few things that the Optima had but turns out I do miss them, particularly the 360 camera and wireless charger. I know I can retro the charger but it still nags at me a little that I didn't get the 2019 instead and just all the features I wanted.
I can't wait to take some pics and do some 
