Re: To buy out my lease or not???
So if I did my math correctly, so far you have paid $9,326 in payments for the vehicle (including the down payment and excluding the taxes). Meaning your original MSRP was around $33,326.
If you owe 24k on the vehicle to buy it out, financing that is going to get you to probably $400 or less per month (depending on your credit and interest rate).
I highly recommend what the other user stated and take it to carmax. See the value they would give because usually they are pretty fair on their offers. Plus when you go to trade it in at any dealership they will lowball your trade in value and the carmax offer will help bring it back up.
My recommendation, bring it to carmax and fill us in on what it appraises for. I would then go to your Jeep dealership and discuss with them moving into a higher trim Jeep for a lease. See what their offer is and what they would be willing to do with your current vehicle.
IMO, the easiest way to negotiate a new lease is to not have any vehicle you are trading in. When you trade in a vehicle the numbers start to get extremely convoluted and the dealerships know it. So go get the Carmax price and see if you have positive or negative equity in the vehicle. If you have positive equity, either sell it to carmax and take the check (then use that check for your next down payment). OR go to the dealership and negotiate them purchasing the vehicle from you. Get that squared away and then discuss the prices for leasing a new vehicle.
2015 Overland V6
Mods: Gunvault, Rear Slush Mat, Tint, Valentine One, LED Fog lamps, Michelin Premier LTX
2007 & 2011 - Laredo
2014 - Limited