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Old 10-13-2016, 10:41 AM   #3
NCSD
 
Drives: Nightfall, 2SS, A8, MRC, NPP,RE-71R
Join Date: Jul 2016
Location: United States
Posts: 250
We were in a similar situation. My wife had a toyota prius lease and she hated driving that car. When Jeep had 7000 off sale on wrangler rubicons we still had 8 months left on our lease. I didn't want to pass up the great deal so we got creative.

We took the prius to car max to see what they would offer and if it was better to sell it to them for cash, or just keep it for 8 more months. They paid us over the payoff value and instead of paying for 8 more months we had to pay for about 3 months out of pocket to get out of it. I'm just guessing and I could be looking at this wrong , but I think we saved 5 months of payments and insurance and another years registration.

If we kept it with insurance registration lease payment it would have cost about $2000 -$2500 to keep it and ride out the lease. We ended up selling the car to car max and giving them a check for 800 dollars . In the end , we cut our losses, but we still probably saved $1200 - $1700 dollars compared to keeping it. And we got the deal of a lifetime on a loaded 4 door rubicon.

I just bought a loaded 2ss for 13k off msrp 47k I payed 34k. Amazing car for the money. I sold my track miata last night and took a 2k loss. But the deal on the 2SS more than makes up for it.

Try car max. They do lease buy outs all the time, they take care of all the paperwork and pay it off for you, it only takes 40 minutes for the appraisal ( which used to be more $$ than dealers give you, not sure about now days, that was 2 years ago) and they give you a week to think about it. Then go home and do the math. Every car is different, for some cars it works, others it doesn't.

It worked for us.

Last edited by NCSD; 10-13-2016 at 10:53 AM.
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