What to do here end of lease?

Wife has a 3 year lease on MB GLB with 40k miles on it ending in March. She is paying 500 p/m Payoff is 28k and she is over miles by 5k. Carvana is offering 29k and dealers are offering 23k-24k.

Should we:

Sell to carvana along with one of the options below
Pay it off
Extend the lease
New lease
New purchase new
New purchase pre owned

She wants another MB or similar (audi, etc…)

Any deals out there?

4 posts were merged into an existing topic: “Should I buy out my Lease” super thread