My last post-signing off

[Steveyg]

That makes sense. Hope to see you back in the forum next year!

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[Bob The Builder]

Very responsible. Kudos. I hate to say it though, but you're gonna miss your Mav. I have only had mine a month now and already I cannot imagine it having to go bye bye. Best of luck to you and your family.

 

[Guv]

Good luck, your a great dad.

 

[mspmms]

Good luck, your a great dad.

 

[mdsalemi]

Yes. And, I used the highest one (Carvana) to negotiate the trade. dealer matched Carvana, AND I go the benefit of NO TAX on the trade amount.

Here in NC, it seems as if leased cars are somewhat unknown to the DMV. Thus "buying out" an end of lease car is an extraordinarily painful and long process, a lot of which has to be done by uncaring people and the DMV. I mention this because early this year we "bought out" the lease on my daughter's 2020 Escape. The difference between the buyout and the market value was about $10,000...so the pain was worth it. While the market values change daily, at the time we sold it, CarMax was the winter. My daughter took some of those earnings, paid all the fees and paperwork costs to do so, took $5K and threw it against the new 2022 lease. The net result was her lease on the 2020 was $350, on the new 2022 with the buy down went to about $125.

Fast forward to today. My Maverick was delivered last Friday. I had a 2019 Ford Flex that had been on five lease extensions (waiting for the Maverick). But, Ford did recognize a good deal of the equity I had in the Flex, and gave me most of that. Not as much as if I had owned the car and sold it to CarMax, but enough to make the "give them the keys and walk away" the only smart thing to do. So, the dealer took my "profit" and threw it against the Maverick lease. My Flex lease was $420, and the Maverick is about $350.

Happy camper. There's a lot of research to figure out the best way to sell a car or terminate an end of lease deal to your advantage. Sometimes just giving it back to the dealer (in the case of the Flex) made the most sense. The dealer and Ford would never have given my daughter $10K.

 

[LAClippers420]

You are a great father and family man! Wish you success!

 

[Quaboag]

Good luck Russell seems like you did the right thing for your family; so good work.

 

[TheGoodEgg]

@OP: you are a great dad!

 

[PSchiefelbein]

A man among men! We need more like you-even on his website. May God bless you in ways that bring you back to us.

 

[boxster03]

I paid $23,508 for my XL eco fwd with fullsize spare - took delivery in March - it has 900 miles

What is it worth ?

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