- Joined
- Apr 30, 2021
- Threads
- 16
- Messages
- 252
- Reaction score
- 550
- Location
- Los Angeles
- Vehicle(s)
- '21 Bronco, ‘21 Polestar
- Your Bronco Model
- Badlands
Call leasing company (in my case Chrysler Cap) and find out 1) what buyout it as of that day and 2) if there is a penalty fee (Chrys Cap does not have fee). It's contracted price on a matrix by day so they have to adhere to the number as I understand. Do carmax offer online, or head to your local one (or carvana which was around the same number - there are others too Shift but they offered only 30k - though carvana and shift will come pick up the car at your house which is dope.). In the end you don't have to cut a check or anything - show up with both keys, your registration and they call chrys cal and arrange to do the buyout on your behalf and cut you a check for the difference. Then carmax marks up your car by another 3-4k to sell on their lot. It's remarkably easy - in and out in under an hour if you are the first person in line (show up hour early).
edit - the reason this is a bubble is the suez canal, chip shortage etc - less new cars avail, driving price of used cars higher. Also people who didn't get a new lease or car during pandemic for all sorts of reasons are now looking to get a car again - demand up. supply down.
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