I have $7k equity in my current lease. Was not looking to lease another car but cannot pass up on the equity in the current market condition. Is it better to sell the car to 3rd party and keep the cash or trade the car in for another lease if dealer is going to give me same equity?
What would be the pros & cons to each other than having cash at hand or lowering my new lease payments? Anything else I should consider before choosing one way or another? Thanks!