I Trade My Lease To Buy A Car: Can

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

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

Sarah checked her (the amount she owed to own the car) and compared it to the market value . Because she took great care of the car and stayed under her mileage limit, her SUV was worth $25,000, but her buyout was only $21,000. The Leveraged Value The answer is

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 To help you calculate your potential equity, tell

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

You can sell your lease to any brand's dealer, not just the one you started with.