Used car prices are going crazy! Should I buy out my leased car if the kbb value is much higher than residual?

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Buy it and then sell it. Or if you like the car, keep it.

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Big, if true

likefunny

I’m thinking about this myself. It seems like leases on new cars aren’t bad - so might buy out my lease, sell it at a profit, then roll the profits into leasing a new car at a lower rate.

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Thought about this myself, but you still need a car and car prices (new and used) have increased. So sell high, buy high?

The term should be in the lease agreement, I would assume

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Uhh. Yea?

Does anyone know if places like Carmax will appraise a leased car? Would definitely consider buying out my lease and then flipping it to Carmax for a few grand

They won’t, but these values are pretty industry standard (and publicized via Kelley Blue Book) - ie what you’ll get for trade-in vs private party. You can expect Carmax to give you trade-in value and then turn it around and sell it for private party value.

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