My lease is coming to an end in a few months and I noticed that the Q5 hybrid plug-ins are going for ~$47k and my residual value is ~$27k… I didn’t put any money down and I agreed to a 30,000 mile lease. I currently only have ~13,000 miles on it. Paying $650/month w/tax.
My thinking is I can buy it out at the end and flip it, then just go lease a different vehicle. But this would be my first time doing this. I want to make sure I’m not missing anything and that this makes sense to do in California. I have a place I could off-load the vehicle within 10-days that would give me an excellent rate.
Thoughts?