Talk of The Villages Florida - View Single Post - Selling Leased Car Back to the Dealer
View Single Post
 
Old 11-07-2021, 07:50 AM
donfey donfey is offline
Senior Member
Join Date: Feb 2018
Location: Wisconsin, California, military, California, Wisconsin, Minnesota, Illinois, (Ugh!) and, FINALLY, TV
Posts: 372
Thanks: 867
Thanked 284 Times in 144 Posts
Default Why wait?

Quote:
Originally Posted by sbussey350 View Post
You should wait closer to April to do anything. Use the car until March/April because you are going to pay the monthly lease amount until April (one way or another). Then look and see what your options are.

My wife's Pacifica lease is up in Feb 2022 and Carvana offered me $10,000 more than the residual value (amount you pay at the end of the lease to buy the car).
Why wait? If the china chips start hitting the US, new cars will become more available, and prices on newer used cars will drop.