Sarah avoided the "disposition fee" (the cost of returning a lease) and started her new car loan with a significant down payment she didn't know she had. 💡 Pro-Tips for Your Trade
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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? can i trade my lease to buy a car
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
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 Sarah avoided the "disposition fee" (the cost of
Compare your current buyout quote to online appraisal values.
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 Learn more Some brands (like Tesla or Ford)
You can sell your lease to any brand's dealer, not just the one you started with.