Quote:
Originally Posted by eikfour
I am coming off lease of a 2018 Grand Cherokee. Based on a few online quotes, I think the trade in value is $3,000 - $4,000 more than the payoff amount. Has anyone had success with a BMW dealer offering a trade to use the equity as downpayment?
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I used the equity in my Durango SRT lease (about $4k) to cover all the taxes and fees of my X5 lease, just bring the offers with you and in all likelihood they'll match the best one and buy the lease out from whatever bank/credit union/etc your using and then cut you a check or use the money to take care of the OTD costs. Also be aware that they get a better deal because they don't pay the taxes like you would if trying to buy the car so try and figure out what their buyout is compared to yours.