Johnvan
Active Member
- Joined
- Jan 17, 2019
- Messages
- 109
- Reaction score
- 96
- Points
- 28
- Age
- 52
My lease is coming to an end soon and I was prepared to drop off the truck and pay a few hundred dollars in lease termination fees.
I discovered that the trade in value of my truck is mid to high forties and the buyout is $37k.
It turns out that Carmax will buy out the lease just as they would any other car. Looks like I may be able to walk away with a few grand in my pocket.
Anyone here with a similar experience? What did you do to cash in on your positive equity? I don’t need to replace the vehicle so I won’t be forced to buy during this hot market.
I discovered that the trade in value of my truck is mid to high forties and the buyout is $37k.
It turns out that Carmax will buy out the lease just as they would any other car. Looks like I may be able to walk away with a few grand in my pocket.
Anyone here with a similar experience? What did you do to cash in on your positive equity? I don’t need to replace the vehicle so I won’t be forced to buy during this hot market.