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Yes of course the sum of payments is going to be much higher than the selling price of the original lease.
When you leased, you paid acq and rent charge and tax on top of the depreciation.
When you finance it at lease end, you’ll pay the residual plus interest plus tax.
The only way for you to pay the original selling price would have been to pay cash on day one, and you still need to pay tax.
How much exactly is your equity? What’s the highest bid when you plug in your VIN into each of these:
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