lease buy out + sell or take over?
#1
lease buy out + sell or take over?
Just want to get some feedback
I still have a few more months left on the Echo and I see no point keeping the car. I will be losing out on insurance if I do keep it.
I've posted the car on sale and I already have 4-5 interested buyers.
They will be paying 11 months on the lease + 6K buy back
They can then privately sell it for $11K (low milage 50000km) and make a few bucks
should I buy it and sell it myself now? or let people deal with the hassle?
anything else I missed?
I still have a few more months left on the Echo and I see no point keeping the car. I will be losing out on insurance if I do keep it.
I've posted the car on sale and I already have 4-5 interested buyers.
They will be paying 11 months on the lease + 6K buy back
They can then privately sell it for $11K (low milage 50000km) and make a few bucks
should I buy it and sell it myself now? or let people deal with the hassle?
anything else I missed?
#2
basically it comes down to this: do you want to make some $ back for yourself but take on some potential hassle from buyers?
it really depends on how much $ you think it's worth the hassle.
simplest route is to call up Toyota or whatever leasing company you're dealing with, ask them what the current buy back is now and see if you can sell it for that much (plus a bit of premium to pocket for yourself).
it really depends on how much $ you think it's worth the hassle.
simplest route is to call up Toyota or whatever leasing company you're dealing with, ask them what the current buy back is now and see if you can sell it for that much (plus a bit of premium to pocket for yourself).
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