Residual value of a leased car now verses when I bought the car

I’m thinking about selling my 2016 Sonata to a private party due to the very low miles. Is the “buyout” of my car the residual value at the time of my lease and the balance of my lease payments? How can I find out what the residual value of my car is today? Or does it stay the same?

Residual value = value at the end of the lease. You need to call Hyundai financial services (or whoever your lease with) and they will tell you your payoff amount as of today.

1 Like