Should i return the lease vehicle or sell it online

Ask the Hackrs
,
1

currently have lexus lease,this is my first lease vehicle & my first time returning lease vehicle.
the lease it will be end within few months (2019).
should i return the vehicle or sell it online ( Vroom or Carvana ) ?

i don’t know which one more hustle between returning vehicle or sell it online.
as right right now i tried online quote from vroom & compare it to lexus buy out options the price are a lil bit lower on vroom ( $300 lower than buy out prices from lexus)
lexus $33500 vroom $33200

PS : vehicle conditions are in very good conditions ( well taken care cuz planning to buy it off after lease end but as right now im looking more into turbo engine cars)

any inputs will be appreciated ,thank you.

2

Isn’t it obvious to do whichever one costs you less money or nets you some equity?

3

If you can sell it for your lease payoff or even a couple hundred less, then do that to avoid the lease turn in fee and any possible excess wear charges.

4

Make sure you’re not confusing lease end buy out price with today’s buy out price! Besides that, if you’re over the miles allowed or think you will be, then you should sit down and do the math to figure out how much it’ll cost you to sell & cover cost vs pay dealer.

Also if you plan to buy another car soon, seen if they’ll do a a pull ahead for you in which case you get to exit the lease early and get into another car you want!

5

Don’t forget to take into account sales tax upon your purchase of the vehicle if you decide to buy out and sell. I think this may vary by state, though.

6

Actually im under miles like 4000 miles below the contract.
As for today quotes , ill cover around $300 to sell it online.
I know my end lease buy out is not same as today buy out quotes cuz i still have few more months left.
Anyway thanks for the inputs