April 23, 2022 – Car leases are stuffing more clauses into the contract that may make it much harder for you to trade in your lease or sell it to another dealer. At least five automakers are banning lessees from selling the car to any dealer outside their brand.
Consider buying out your lease if you don’t want to lease or buy another new car right away. This is an especially advantageous strategy if you entered your lease before the 2020 pandemic began because your lease’s residual is fixed in the contract.
Dealers love a repeat customer. If a dealer knows you have a desirable car they can sell and you’d like to keep leasing, you’re likelier to get into a brand-new car sooner than later, and likely for the same price or better.
