How to make a tidy profit turning in a leased car

Hi Markus, What should I do if im leasing a car now and need to turn it in? Will your system work this situation? Thank you in advance!

The short answer is yes.

I am helping one of my clients do the EXACT same thing – right now.

Let me share the details with you:

He is leasing a brand new Chrysler Pacifica L.

He used my leasing system to get a fantastic lease price (I will link to his case study in a few days).

But:

He got his ready-to-come-off lease car inspected. And there is $140.00 in bumper damage.

Plus, there is a $250.00 “disposition fee”. (This is a bogus fee we have to pay just to turn the car in.)

Most people make the mistake of turning in their leased car. And they walk away with absolutely nothing. In many cases, they owe the leasing company hundreds of dollars.

Instead, we can have a dealership buy out our lease agreement and bank hundreds… even thousands of dollars in cold cash.

How?

We ask the dealership to buy out our lease. Each lease displays the Purchase Option at End of Lease Term. This is the Residual Amount of our car’s worth.

Often, the car is worth more than the buyout. As a result, we have “lease equity”… and we can “turn this in” for cash. (Actually, the dealership will write us a paper check).

Now:

Timing is EVERYTHING.

With my leasing system, we find the dealership with the best lease price on the new car we want.

Then:

Just before we “pull the trigger”, we ask them to make us a buyout offer on our end-of-lease car.

The timing is crucial here.

Most people make the mistake of using a trade in as a down payment. Dealerships LOVE this. Because they use it deceptively to give us the impression we got a discount on a new car.

But:

With my system, we never offer a trade as a down payment. NEVER…

Instead, we get $0 cash down leases.

By asking for a buyout just before we pick a dealership, the appraisal (worth) of our old car magically rises. Because these “eager” dealerships desperately need that one last sale to make their monthly manufacturer bonuses.

So yes. My system works well with getting into a new lease and getting out of an old lease – with a good chance of banking some extra cash at the same time.