Lease extension SETF

[dkmessy9]

Curious if anyone knows how extending your lease with SETF affects your ability to sell the vehicle to obtain the positive equity.

My Jeep order is currently in shipping phase, so I expect it to be here in the next couple weeks. However my current SETF highlander lease is up this week.

My 2 options are to sell it to a local Toyota dealer (have an offer $2800 over my buyout), or to extend the lease by a month. I am worried that extending my lease will cause me to lose the ability to sell my lease and gain the positive equity at a later date.

Does anyone have any experience or info on this?

[forbs]

SETF is pretty nasty when you try to sell their leases

List of Lenders that Allow for Third-Party Buyouts

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…

[HersheySweet]

@derekoh1991 might know

[derekoh1991]

Just sell it and drive a rental car