Timeline for How to unlock the equity in my leased vehicle?
Current License: CC BY-SA 3.0
14 events
| when toggle format | what | by | license | comment | |
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| Nov 18, 2020 at 13:29 | comment | added | Tim | On some leases the car can be purchased at any time during the lease without penalty. You can buy it or a dealer can buy it. But a dealer wants to profit and is not likely to offer you anything close to the car's fair market price. To maximize your "equity" you'll have to buy out the lease and sell the car privately. If you want to optimize, avoiding the hassle and risks of a private sale, look for a dealer who will share the equity with you; but the difference between buyout price and fair market price must be large enough to make it worth their while. | |
| Sep 17, 2018 at 5:56 | history | edited | Dheer |
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| Dec 2, 2016 at 23:05 | answer | added | carol smith | timeline score: 0 | |
| Mar 26, 2016 at 1:33 | answer | added | jas edwards | timeline score: 3 | |
| Jul 9, 2014 at 20:38 | answer | added | Mike S | timeline score: 1 | |
| Apr 27, 2014 at 22:31 | vote | accept | Peter Grace | ||
| Apr 27, 2014 at 22:30 | vote | accept | Peter Grace | ||
| Apr 27, 2014 at 22:31 | |||||
| Apr 12, 2014 at 12:07 | comment | added | JTP - Apologise to Monica♦ | @littleadv - He's trying to capture the difference in value from what the dealer projected for their 36,000 mi car vs his 19,000 mi car. If he had a buyout price at lease end, it would be based on 36K, right? And he could then by a car at the 36K price, but sell a car with only 19K. If he has no buyout price pre-agreed, he has no potential to 'unlock' his equity. I agree, never heard the term before. | |
| Apr 12, 2014 at 8:10 | history | tweeted | twitter.com/#!/StackFinance/status/454894214179192832 | ||
| Apr 12, 2014 at 4:28 | answer | added | user14446 | timeline score: 14 | |
| Apr 12, 2014 at 4:04 | comment | added | JB King | Are there any terms in your lease agreement on what you get if you don't use the entire mileage limit? Any references to what happens if the vehicle when returned is worth more than the expected value at the end of the lease? These are the questions to be answered first. | |
| Apr 12, 2014 at 2:32 | comment | added | littleadv | what do you mean by "equity" exactly? That's not a term usually applied to cars... | |
| Apr 12, 2014 at 1:24 | comment | added | JTP - Apologise to Monica♦ | 'everyone' is telling you this, won't at least one of them explain how? | |
| Apr 12, 2014 at 1:08 | history | asked | Peter Grace | CC BY-SA 3.0 |