There is a Great Deal waiting for you if you leased your vehicle

Buying a new car is stressful, but you always leave full of excitement in the end. A brand new whip you can't wait to show off. The pandemic has changed things significantly, with low new car inventory skyrocketing prices for used cars. The reason might be supply-demand, parts & chip shortage, or inflation. Your guess is as good as mine.

The bottom line is now you will be paying a lot more for a new or used car.

Gallery | bilalaman | VSCO

There is a Great Deal waiting for you if you leased your vehicle.

People who leased their cars before the pandemic have the option to buy their vehicles at the end of the lease for much less than the current market price.   

Cars have always been a depreciating asset, but pandemic has shaken up our way of life. Cars now have equity which the dealer wants to snatch from you.  

#gle | bilalaman | VSCO

Try finding a used 2020 Mercedes GLE 350 with 36K miles for 40,000. Impossible you will see prices upward of $60,000. Well, guess what? Check the lease document and the buyout price at the end of the lease already set in stone. YES, it's approx 40K

People who tend to lease want a new car every three years. Buy the car at the end of the lease (finance it), sell it, and bag $20,000. Sure get the new car of your dreams but don't make the mistake of returning the lease.   

#benz | bilalaman | VSCO

Another tactic is to use the equity in the leased car to negotiate down the new vehicle price. This is done by turning down the lease return deal with purchasing the leased car. The dealer won't handle the loss of sale of a new car and the chance to sell the returned leased car with a considerable profit.  

The latest is the car market will not cool down until the end of 2023. So this is your chance to be in the driving seat. Do your homework, and there is money to be made, and you have the upper hand in this market.

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