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Reply to "Buying leased car at term end to immediately sell it"
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[quote=Anonymous][quote=Anonymous]Has anyone done this recently? My leased car has very low mileage and the buyout price in my lease is much lower than the Kelly Blue Book value online. Has anyone recently bought their car at the end of their lease (something I know is typically not a good deal) only to immediately sell it to a dealership or Carmax type place?[/quote] I did this several years ago with my Hyundai Elantra coming off lease. I bought it out, then a few days later sold it to Carmax for a couple thousand over what I paid. I got lucky, doesn't typically work out that way. But with the current climate, you should be able to make a tidy profit. Your buy-out price was locked in years ago before the shortage. Definitely leverage that. You can also get competing offers from companies now - everyone is desperate for inventory. [/quote]
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