passepartout
Member
- Joined
- Oct 24, 2014
- Messages
- 8
My 2018 SV with 30k miles lease ends Nov 23. The buyout price is $12990. With the pandemic and chip shortage pushing up used car prices, Edmund's estimates a private sale value of $17500. So I have a bit of equity in the car. Looking at my options I could, buy the car and resell, sell it to a third party, or trade it in to unlock the equity in my favor.
1. Dealer one quoted me a buyout of $16,900. When asked about the Nissan Finance buyout price of $12990, the sales person stated that dealer fees for disposal were to account. Next.
2. Dealer two had a 2002 SV in house for $36,500 MSRP. They quoted me $480 a month for three years, 36k miles, and a buyout at the end of $20000. Next.
3. Carmax, on their website, has offered to purchase the car from me for $20000. I am not sure I trust Carmax.
Has anyone any experience with this same situation? Have any opinions on these offers? Would like to share what their strategy to unlocking the car's equity would be? Thanks for your help.
1. Dealer one quoted me a buyout of $16,900. When asked about the Nissan Finance buyout price of $12990, the sales person stated that dealer fees for disposal were to account. Next.
2. Dealer two had a 2002 SV in house for $36,500 MSRP. They quoted me $480 a month for three years, 36k miles, and a buyout at the end of $20000. Next.
3. Carmax, on their website, has offered to purchase the car from me for $20000. I am not sure I trust Carmax.
Has anyone any experience with this same situation? Have any opinions on these offers? Would like to share what their strategy to unlocking the car's equity would be? Thanks for your help.