Whats going on with lease purchases

[Kctham18]

Has been going on for months… happy reading.

List of Lenders that Allow for Third-Party Buyouts

As used car prices soar, many lessees are finding that their vehicles are worth considerably more than their current payoff amount. Instead of simply returning the vehicle at lease end, you may be able to sell the vehicle to a third party (such as Carvana, Shift, Vroom, and CarMax) for a profit. However, some lenders are making it difficult for consumers to access this “lease equity” by charging a higher lease buyout price to third-party buyers than to consumers, or altogether prohibiting third…

If you also search up the vroom/Carvana/etc threads, you’ll find plenty of of similar stories. there were probably also title/paperwork/payment issues during the selling frenzy and third party buyers didn’t want to deal with leased cars anymore.