forbs
October 11, 2023, 10:45pm
1967
The first post confirms that
HOWEVER if you sell to a group that owns a Chevy and say a Kia, the Kia can buy it out as it looks like the Group is buying it and not Kia.
As used car prices soar, many lessees are finding that their vehicles are worth considerably more than their current payoff amount. Instead of simply returning the vehicle at lease end, you may be able to sell the vehicle to a third party (such as Carvana, Shift, Vroom, and CarMax) for a profit.
However, some lenders are making it difficult for consumers to access this “lease equity” by charging a higher lease buyout price to third-party buyers than to consumers, or altogether prohibiting third…