Got a 2024 Equinox EV lease with 8k miles that is going to end in September. I like the car enough to keep it, but the residual is about 10k higher than current market prices. Would dealers play ball to just ground the lease and have me buy it right out for close to wholesale pricing? What is the best way to deal with this? Any specific dealers in CA that are recommended to do this with?
So glad you posted this. I just got my lease on my 2026 and have been comparing current 2yr+ old used costs against my residual when it ends. I’m not sure on what I will do, but its going to be pretty close, maybe higher than a similar used car too.
When you ground a lease, the dealer doesnt automatically own it.
They have to go through process to buy it and some banks dont play ball and send it to auction
So your plan might not work
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