Quote:
Originally Posted by chicagofan00
My question to you guys is, I'm currently financing my C400 and have approx. $5,000 in "equity" on it (maybe more, maybe less depending upon current values) so what happens to that "equity" if I were to trade it in and do a lease? Can that be applied to MSDs so that I can get that money back at the end of the lease? Or does it only go into cap cost reduction?
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Traditionally a dealer will apply any trade in value as a cap cost reduction (mostly because that's what people assume you do on a lease to lower the monthly payments). You could ask for the equity to be applied in MSD's, but the dealer may balk and want to lower the trade in value.