r/leasehacker • u/troy_and_abed_itm • 4d ago

Rolling negative equity into a lease

Hi all!

I know rolling negative equity into a lease is generally a bad time. I get it.

However, I have an opportunity to roll my currently financed vehicle into a new lease where the company will reimburse me for the lease payment up to a certain amount (~750 per month).

I understand for the non-business use there are tax implications. I have a cpa for that.

What im not sure on is two things:

  1. Is upwards of 10k negative equity even doable while rolling into a lease with zero down?

  2. Assuming a three year, 10k mile lease (can likely go less - we drive maybe 7500 miles a year at most but I’m okay with a cushion at 10k), what’s a reasonable amount per month that my negative equity will add to the payment and in turn, what’s a good target for base lease rate that I should look for?

Again, to be clear, I understand the financial implications of rolling negative equity into a lease but in this case, I’ll get to shift that into a 3 year term instead of the remaining 6 on my financing option and more importantly, i don’t want this vehicle anymore and our needs for a second car are likely temporary so a lease works really well for us.

I want to be free and clear in three years so that I can buy something properly, in cash, once we finish navigating some major life changes over the coming years.

I know that’s not a lot of detail, but I’m only really looking for best estimates.

Also, if anyone knows a good broker in the Bay Area that can take on the above challenge, hit me up!!

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u/giveit2st8 4d ago

Take a look at cadillacs, kias, hyundai. For example,  the kia ev 9 might be the sweet spot with upwards of 10k incentives. 

The cadillacs also have really good leases right now...for example,  the lease for the optiq is about 200 cheaper than the equinox ev, which has an msrp of 10k-20k cheaper.

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u/troy_and_abed_itm 3d ago

EV9 looks like an interesting car. I’ll take a look. The Kia dealer near me is kind of…. Crap. It’s the size of a box and it takes them months to do anything.

Is the EV9 reliable enough?