Payoff:
Original is $18828 w/ tax
Wells Fargo is discounting to $17236 w/ tax
WF is offering 7.05% (7.24 apy) @40mos for $420/mo

Leave it:
It'll cost me $5110 to keep it until the of the lease. This includes the $400 end of lease cost and I am under the mileage. My payment is $470/mo.

Trade-in value is $13,600. Average actual listings in my area with these miles/features is $16k. The dealer claims he can get me an '08 ram 4x4 QC for the same lease price...I doubt it.

I have my own thoughts but I'm interested in your opinion...Maybe there's something I haven't considered.

 

well all i know is if you can still get an 08 4x4...that means your probably stealin the thing off the lot. in august my buddy got at 08 hemi 4x4 for 23k. i think the original list was 37k. traded in his gmc sierra for 3k.

 

meaning there's no '08s left or....?

 

if you like your present truck and it runs well ....then there is your answere.

 

If you like the truck, keep it. It seems you have a few things done to it already. Lower your payments, and it will be paid off in a few years. If you want, keep your payment as it is now, and have it paid off sooner.

I would keep it, pay the same amount, and keep my truck.

 

well put, ramhunter

 

never did understand why anyone would want to lease a vehicle.
all that money and then have to give it back....

 

I'd have to look next time I go by there, but where I bought my '08 Hemi there was one just like it with the 4.7L... '08 QC 4x4... last price they offered it to me was $23,500... might be lower now... if any of y'all wanna come shop in central Arkansas, I'll check on it for ya.

 

08 = Lifetime Powertrain Warranty
04 = no Lifetime powertrain Warranty.

7.05% is way too much. Should be down around 5.9% or less.

 

That payoff is too high for a 2004.

Last Aug I got my 08 with SLT and 5.7 HEMI for less than $19,000 out of door (price includes tax, title and whatelse). Granted it has pretty much zero options, but it is a HEMI!

If I were you I'd start looking for leftover 08.