Ex-Car Salesman Explains - How to Turn CAR LEASE EQUITY Into Cash! (Everything Explained)

Подписаться 19 тыс.

Просмотров 24 тыс.

50% 1

*CAR LEASE EQUITY - How to Turn Your Leased Car Equity Into Cash! (Everything Explained)
Leasing a car can be a smart financial move, and even smarter when you understand how to leverage positive equity. Positive equity means your leased vehicle is worth more than the buyout price. In this step-by-step guide, we'll show you how to unlock this potential treasure chest in your leased car.
Here's what you'll discover in this video:
🚗 What is Positive Equity?: We'll explain what positive equity means and why it matters to your wallet.
📊 Assessing Your Car's Value: Learn how to accurately determine the current market value of your leased vehicle.
💰 Understanding Your Lease Terms: We'll break down the buyout price or residual value set by the leasing company.
🔄 Exploring Your Options: Discover the different pathways to realizing positive equity, whether it's keeping, selling, or trading in your leased car.
💡 Pro Tips: We'll share expert tips and strategies to maximize your gains from positive equity.
If you've ever wondered how to make the most of your leased car or how to potentially turn it into a financial win, this video is a must-watch. Don't miss out on the opportunity to save money and make the most of your automotive investment.
Hit that "Like" button if you found this video informative, and be sure to subscribe for more automotive insights and tips. If you have any questions or experiences to share about positive equity in leased cars, feel free to leave a comment below. We love hearing from our viewers!
*This video is not financial advice. It is for entertainment and educational purposes only.
#carleasing #carshopping #personalfinance #moneysavingtips #moneytips

Опубликовано:

29 сен 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 44

@Steve_in_NJ 6 месяцев назад

We've had our dealership in the past use some of the equity towards the down payment of the next leased vehicle (from the same dealership). As I'm soon going to be leasing Hyundai #5 from the same dealership, I have already been there (service appointments) to look into which next crossover I lease, and told them that I WILL have enough equity to save a few thousand dollars off MSRP for the next one.

@keshavmanjrekar7008 2 месяца назад

Great content - What is the best, accurate and reliable way to determine if I have positive equity in my car?

@RaviWadan 2 месяца назад

Check the market value of your car and the buyout price of your lease. If you the market value is higher, there is a good chance that you have positive equity in your leased car.

@noroar3258 4 месяца назад

a family member wants my vehicle for the fantastic lease buyout price but I told him ''you wish buddy''

@djjohnnyparis5183 5 месяцев назад

I have a 2021 Highlander Platinum Hybrid that only has 16,000 miles on it, and the lease is up Sept 4th. It is also in excellent condition. My risidule is 34k, and I have received 2 quotes so far. 36k from BMW and 38k from Toyota. I have a tough decision to make because I would like a more luxury type of suv to drive. Lexus TX, BMW X3 or X5. Lincoln Nautilus, even the 2025 Buick Avenir. I have time, but not that much. Great video. Thanks!! Subscribing right now. 👍

@MikeSpuches 5 месяцев назад

im leasing a prius prime and looking to buy a used EV. i noticed i have about $4k positive equity on my lease already and it dawned on me that I should start looking now and not in a few months when my lease is up. this video confirmed a lot of what i knew but no one ever talks about lease equity so i wasn't sure. i just need to confirm if my lease company (toyota) allows for 3rd party buy outs and i should be good !

@soheilazimi3049 4 месяца назад

You want to buy my ev

@stevenziegler2523 18 дней назад

Can u take the equity and use it to lease another car from same manufacutrer?

@RaviWadan 18 дней назад

@@stevenziegler2523 yes absolutely!

@nufo2131 10 дней назад

My buyout contact is $68k and residual value is $34k … I have 32 payments remaining… Im I stuck for while ?

@TerryHe 5 месяцев назад

great video, efficiently & clearly explained, thanks a lot!

@RaviWadan 5 месяцев назад

Thank you! 🙏🏾

@nwebb 6 дней назад

My wife and I are considering buying out the lease on our Audi and this video is EXACTLY what I was looking for. Clear, thorough, and concise. Thank you!

@RaviWadan 6 дней назад

@@nwebb thank you so much - so happy you got value out of it!

@ronswansonsdog2833 4 месяца назад

Very helpful. My 4Runner is up in October and I’m going to follow your advice!

@grlfromtx09 5 месяцев назад

THANK YOU!!! This video was so helpful!!! 😊🙌🏻

@RaviWadan 5 месяцев назад

You’re welcome!

@Ardo23 2 месяца назад

I wonder if I purchase a leased vehicle I need to pay all those dealer fees and taxes ?

@alahaja5316 24 дня назад

what happens when you have negative equaity?

@vince-g6f 20 дней назад

Turn it in and walk away.

@khoury1980 3 месяца назад

My lease is up in 2 weeks. My buyout is 15k, car is worth $26to $32k. Not sure what to do. Finance rates are really high to finance the amount.

@RunningThruLife 3 месяца назад

I'd Take the cash then go to Mazda and jump on a 0% new purchase or a cx90 lease. Congrats what a great problem to have.

@akmaljonqosimzoda8909 2 месяца назад

Question to you sir. I am currently leasing a new car, the maximum amount of miles I can drive for 3 years is 30k miles. I love this car. I drive it a lot. Do you think I can drive it as much as I want as long as I am planning to buy the leased car at the end of the lease? Can I also use the car for rideshare work like uber? I am gonna buy it at the end of the lease.

@Shaggy2023a Месяц назад

What would be the business strategy if the dealers don’t want to buy it before the end of the lease? My lease is for 4 years and currently I have paid 1 year and at the end of the lease, the residual value will 29K, per the contract. I hoe to have positive value.

@nestors2542 Месяц назад

Still confuse how will you know if your car has positive equity? How do you check?

@RaviWadan 17 дней назад

You want to check what your buyout amount is. And then you want to see what comparable cars to yours are selling for in your area or around the country. If the cars are selling for more than your buyout, there is a good chance you have positive equity.

@OckdaGod1 15 дней назад

Hey how do you check your buyout amount?

@SMOKESRT62 Месяц назад

I have a 22 dodge scat and wanna upgrade to the jailbreak or trx what would be the best Option trade in or sell back?

@papertrex3673 4 месяца назад

Thanks for this! I’m in almost same situation as your example. How do you account for early termination fee? I almost went with Option 2, but decided not to last minute due to this. Is that something I should worry about or generally not? I have 3 more lease payments left.

@Tahara-Aichi 3 месяца назад

I learned the hard way with my 15 highlander. Stupid me returned it and walked away to lease at mazda.😂 but when I returned my mazda at toyota I got 9k equity towards a 22 4 runner back in 21. Now I will purchase my 4 runner when the lease ends. Done with leasing

@dmanc3677 10 месяцев назад

Great stuff. But where is the profit for the dealer if they're giving you a check for the positive equity?

@RaviWadan 10 месяцев назад

The offer they make you will likely have their margin built in so that they can turn around and sell the car for a profit. You could buy the car and sell it yourself, but then you end up paying taxes on the purchase price. So in my opinion, selling to the dealer is the better way to go.

@dmanc3677 10 месяцев назад

Unfortunately Infiniti doesn't allow 3rd party lease buyouts which limits my options a bit

@sharkskin3448 10 месяцев назад

I have sold my last 3 Tundras to dealers before my lease was up. Because there was positive equity vs. residual, it was easy and there were good new leases to get into. This year is another story! I'm trying to be humble and step down a model to the Tacoma, but these terrible new leases appear to be a punch in the face!

@sharkskin3448 10 месяцев назад

Also, I recently asked and was told Toyota doesn't restrict who I sell my leased Tundra to.

@sarahlutch 6 месяцев назад

Very helpful and comprehensive video (thank you!) and almost my exact situation. Can I sell the leased car privately with the buyer paying Toyota the residual and me the market difference? I'd like to avoid purchasing the vehicle upfront. The dealer recommended I try to sell it privately as I could get more on the market than what they would offer me. Wondering how this all works with a private sale and a lien on the vehicle.

@stevie8613 2 месяца назад

This is amazing content! I feel extremely empowered on how to handle the end of my lease thanks to you. Really great stuff

@mglikin1 3 месяца назад

Thank you for the great advice? One thing that isn’t clear or explaining the video is in the scenario in which you sell your car to a dealer, how do the taxes work, at least in your state?