Have a 2020 Disco with 36K miles. Lease ends in Feb and I'm likely to buy out the vehicle for $36K..
Saw a suggestion to get a quote from the dealer on what the trade in value they'd offer, see if they have a newer Disco with lower miles (maybe with CPO?) and apply the trade in towards that vehicle is the remaining price were going to be close to what I'd buy my existing vehicle for.
Does this make sense for the dealer?
Is this a realistic transaction and opportunity?

 

not sure if this helps, but imo LR vehicles tend to be dice roll. if you're current vehicle has been relatively trouble-free, I'd lean towards keeping it.
$.02

all the best OP

 

I don't see how that would work. Trade in value is always going to be a lot lower than retail. So even trading in a 2020 for a different 2020 would leave you perhaps $5k or more out of pocket. If you then wanted to move to a newer more expensive car you would have to pay the difference

But - why not keep the 2020? You know its history, presumably no issues, and it's still low mileage

 

"Relatively": is all relative, right, ha ha. We had an iissue right away with the rear camera. Got that fixed, Lately had a minor one with the lift gate. Fixed under warranty. Nothing major....yet.

 

Yes, so that's the question. What would I get in trade-in value that I could apply to a newer vehicle with fewer miles if the difference remaining (newer vehicle price - trade in value) is going to be relatively close to what I'd be paying for the existing vehicle one the lease is up..

 

Look at KBB or similar to get a view on trade in. I just keyed in a 2020 Disco SE (base model) gas engine and it comes up as 24k trade in. So you would trade for less than the lease buyout price which doesn't make sense. Of course you may have a higher spaced Disco so you need to run that for your actual vehicle. But my guess is if you want a newer one then walk from the lease and find that. But if it were me I would think of a 2020 as pretty new and take that if the lease pricing is reasonable.

 

In my humble worthless opinion, if you want to be an owner, keep the one you have. Since you're already accustomed to leasing, if you don't mind the payments and enjoy the peace-of-mind that comes with having a new vehicle under warranty, turn in the keys and lease a new one.

 

I have spoken with multiple techs. and for some reason they all say the same thing - they have no idea why, but some cars seem to have non-stop troubles, and others are totally problem free. If you got a problem free one, keep it until 75-80k miles, but definitely get rid of it at 80.

Good luck

 

I ordered my D5 Td6 (built in Solihull) in December 2016, before any had arrived in the U.S. At almost 7 years old with 54K miles, it still looks and runs like new. It will be close to 10 years old when it reaches 80K miles and I will have gotten my money's worth out of it. Everything after that will be gravy and I'll dispose of it if and when something fails that isn't worth fixing.