Sarah was three years into her lease on a compact SUV. With her family growing, she needed a larger minivan. Instead of just turning the keys back to the dealership, Sarah decided to treat her lease like a trade-in. The Discovery
She had . Sarah visited a dealership and asked them to "buy out" her lease. The dealer agreed, paying off her lease balance and applying that $4,000 difference directly toward the purchase of her new minivan. The Result can i trade my lease to buy a car
Some brands (like Tesla or Ford) have restrictions on third-party buyouts. To help you calculate your potential equity, tell me: Your car's make and model ? Your current mileage ? The buyout amount listed on your latest statement? Sarah was three years into her lease on a compact SUV
Compare your current buyout quote to online appraisal values. The Discovery She had
The answer is . You can often use the equity in your lease as a down payment for a new car purchase. The Story of Sarah’s Smart Swap
This works best in the final 6 months of your lease.