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