We are in Florida and we have a 2021 Hyundai Kona that the lease is ending in 2 months. We pay $165 a month and now to buy out the lease it is $16,000. What’s the best thing to do, buy out the lease, sell it at Carvana or something else? Appreciate all the advice thanks in advance!
Specify your location when asking for input on a deal! Tagging by state (e.g. CA, NJ, NY, usa-nationwide) is mandatory.
Please tag if your question involves a specialized topic (e.g. tax, insurance, legal, shipping, 3rd-party-buyout, lease-end-purchase, lease-transfer, etc.). You will reach experts faster that way. View all tags at FORUM | LEASEHACKR.
If you asked for a deal check, circle back after you have signed a deal – the community always loves to hear back! Submit your deal to SIGNED! (https://share.leasehackr.com).
Yes, there are some “specials” for around $240. It’s our daughter’s car and we thought about putting her into a new one. Not sure what the best money option is. Keeping it, buying it out or selling it. To buy it out we’d have to get a loan.
Unfortunately true.
We are thinking of extending the lease, accepting Carvana or Carmax’s offer and they pay off the lease and give us a check for the difference. Then we’ll get a new car. We did this in 2021.
Does Hyundai take third party buyouts?
