As we’ve all seen over the last couple of months, used car prices has been greatly inflated (due to shortages related to Covid-19, etc.) and many of us have capitalized by selling our leases before the end of the term for a profit due to the positive equity involved.
Whether it was to a physical dealership, or an online dealer (like Carvana, Vroom, or ALgo), it’s certainly been a unique set of circumstances as none of us expected to make money on a car.
I think we should share some of the deals on cars we’ve sold over the last few months (and new leases to replace them, if applicable).
One note, in order not to replicate the threads about selling to Carvana/Vroom/ALgo, I think we should limit this to to deals that have occurred only over that last couple months.
I’ll begin with a template of 2 leases that I’ve sold in the last month:
Sell Date: August 2020
2018 Jeep GC Laredo E, MSRP $38,500
Lease summary: $310/$1800 DAS, 36/12
Payments remaining: 9
Carvana offer: $27,226
Positive Equity: $3,766
Replaced with: 2020 Jeep GC North Edition, MSRP $40,500
Lease Summary: $415/$415, 36/12
Sell Date: Sept. 2020
2018 Jeep GC Upland, MSRP $39,900
Lease Summary: $328/$328 DAS, 36/12
Payments Remaining: 10
ALgo offer: $27,700
Positive Equity: $3,188
Replaced with: 2020 Jeep GC High Altitude, MSRP $54,200
Lease Summary: $496/$496 DAS, 36/12
Link to deal