Cars leased in 2020 are worth an average $4,000 more than expected. These models have fared the best
Publishing timestamp: 2023-02-24 14:37:38
Summary
Edmunds data shows that the average trade-in value of cars leased in 2020 is 19% more than the predetermined residual value. This means that people who leased cars in 2020 may have options when their lease ends besides simply returning the car. Consumers are advised to shop their lease before blindly turning it in. There are various ways to take advantage of the positive equity, such as buying out the lease, selling the car in the open market, or selling it back to the same brand's dealership.
Sentiment: POSITIVE
Tickers: HMC, MBG-DE, DAII-FF, 7267.T-JP,
Keywords: investment strategy, business news, honda motor co ltd, personal debt, personal finance, mercedes benz group ag, auto loans, automobile renting and leasing, autos,