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Reply to "Carvana wants to give me $29K for my Subaru that I paid $30K two years ago"
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[quote=Anonymous]This is happening all over the place lately - agree with PPs that the catch is you'll probably have a hard time finding your new car and pay more for it. I am in the really plum position of having leased a Volvo in early 2019. The residual price was based on me driving the 10k miles a year, and right now I am only at 8k miles total due to the pandemic! Normally I would roll into a new lease, but in this case it's a total no-brainer to buy out the lease at the end for waaayyyy less than I could buy the same car on the open market. I'll probably end up getting a new lease soon, but when I sell the Volvo, I'll make a profit and basically will have driven it for free for a few years. [/quote]
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