VRoom12345 answered 2 years ago
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.
Buy at residual value $13800 and sell it for 23800, 10k profit. Use 5k as down payment on new vehicles?
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