Advice on getting a dealer to use equity on my lease for new car…

I have a 2019 Honda Civic EX-L with less than 18K miles on it. The buyout amount is about $17,000. The model I have is selling for around $24,500 (conservatively).

The next car I’m looking at buying (possibly leasing) is an Audi A4. Someone in another thread mentioned that I could offer my lease to the [Audi] dealer and cash in some of the equity toward a down payment.

How should I present this to the dealer? Any advice would be greatly appreciated.

I tried looking into the companies that do lease buy outs, but none of them operate in my state (NY). I just noticed Leasehackr has their own buy out service. I submitted a request just before posting this.

Assuming it’s a HFS lease, only Honda or Acura dealers can buy it.

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OP needs a dealer group with both an Audi store and Acura/Honda store, preferably outside NY that allows MSDs

Good point, though if they have that and likely know it, definitely a chance they will use that to their advantage and lowball you.

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Wrong strategy: separate the two transactions.

Step 1: cash out the Honda equity.

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