Turn in lease question

20

Asked by John Feb 11, 2022 at 11:03 AM about the 2019 Honda HR-V EX AWD

Question type: Car Selling & Trading In

Buy at residual value $13800 and
sell it for 23800, 10k profit. Use 5k
as down payment on new
vehicles?

1 Answer

2,930

Do you have a buyer lined up? The Leasing company won't buy it for that amount. Remember if you purchase it for the residual, you will be paying fees and tax, then wait for the title to sell it. But you can ask your lease agent if they allow third party purchases, that way you won't have to pay taxes twice and your buyer will write a check to the leasing company and one to you for the equity.

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