EQUITY IN TERMINATING LEASE VEHICLE IS THE SAME AS CASH TO USE IN YOUR NEXT LEASE TO LOWER MONTHLY PAYMENTS
We are Celebrating 16 Years Negotiating ON-LINE in 2018 for the Benefit of YOU, the CONSUMER
About 25% of all Terminating Lease Vehicles will have EQUITY IN THE RESIDUAL VALUE OR PURCHASE OPTION PRICE.
EQUITY simply means the vehicle is WORTH MORE than the residual or purchase option price.
The difference between the current wholesale value and the terminating residual value or purchase option price is the amount of equity that can be used towards your next Lease or Purchase.
This is a VERY COMPLEX transaction and dealerships may not want to do it because they can benefit from buying the car themselves and keeping the equity.
The complexity of the transaction involves getting the dealers to purchase the vehicle using their money and then to turn around and allow you to trade-in the off lease vehicle and sell the vehicle to them while you retain the equity for yourself.
The dealership actually purchases the vehicle in your name, they pay the sales tax on the purchase and then when the vehicle is traded-in you will get the benefit of the sales tax savings so you do not pay tax twice.
As I have said the is a difficult transaction to talk to dealership into executing on your behalf.
You need a professional who understands all of the legalities involved and knows it can be done and YOU CAN BENEFIT from the equity in the off-lease vehicle..
Hire a Professional Automobile Sales Manager with 33 years of experience to negotiate on your behalf for the best deal you can possibly make.
My experience is vast and there is nothing I do not know. If the salesperson tries to trick me into paying more because of blah, blah, blah I immediately know they are lying, you do not!
That is how you get tricked into paying a higher price or payment. Click Here for Services Price List