I’d like some help figuring out a lease to absorb negative equity.
Hi all! I have a 2016 GLE 350 base model. In basically perfect condition with no accidents. 66,100 miles on the odometer. I imagine I have around 5k negative equity (owe 19k, figure it’s worth 14k?). I’m curious if there’s a ‘best option’ to move out of this car and into something newer (company requires my vehicle be less than 10 years old so I continue to get the reimbursement).
Lease budget would up to $750 approx. and I’d like to put minimal, if anything, down. A truck would be cool, a Jetta would be cool, an e400 would be cool, I’m truly open to just about anything with apple car play. Also like to break up this negative equity over a lease term.
I drive about 7-10k miles per year. Houston, Texas area.