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Any advantage in buying out my last 6 months of the lease on my 2020 Redeye with 9,100 miles on it?

steeda0011

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#1
Looking for pros and cons
 


DavidKFla

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#2
Is your buyout a good number? I waited until the last month.
 


SilverBillet

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#3
It may be worth more than the residual value? I traded in a leased JeepGC 1 year early for a 2021 Jeep and actually had equity in it (not much but a few hundred bucks) above the residual. That’s all the dealer would acknowledge but it may be worth more if you bought it outright and then sold it privately or traded it in on another vehicle. Check your values
 


DavidKFla

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#4
It may be worth more than the residual value? I traded in a leased JeepGC 1 year early for a 2021 Jeep and actually had equity in it (not much but a few hundred bucks) above the residual. That’s all the dealer would acknowledge but it may be worth more if you bought it outright and then sold it privately or traded it in on another vehicle. Check your values
Both of our 2020 Ram and 2021 Lexus had equity in their payoff in the past year. This was never the normal before.
 


OP
S

steeda0011

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Thread Starter #5
Hi Silver Bullet, thank you for your accurate information. Steeda. 0011
 




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