If you lease a vehicle — and your lease is coming to an end — you may have an unusual opportunity to sell it at a sizable profit. Thanks to the unexpected surge in used car prices, many leased vehicles are now worth far more than their predicted value when the lease was written, on average more than 31% higher, everything from subcompact sedans to muscle cars. It means you may have the option to purchase your end-of-of lease vehicle at the previously-agreed-to price, then resell it for thousands of dollars more, often many thousands. More from WFIR’s Evan Jones:
Click here to read the full iSeeCars.com report.
Leased Cars to Buy Back and Sell for the Highest Profit – iSeeCars Study |
|||
Rank |
Vehicle |
$ Market Value Increase Over Predicted Value |
% Market Value Increase Over Predicted Value |
1 |
Volkswagen Tiguan |
$8,677 |
61.3% |
2 |
Dodge Charger |
$11,806 |
55.9% |
3 |
Chevrolet Camaro |
$12,346 |
52.9% |
4 |
Nissan Altima |
$6,228 |
49.4% |
5 |
Volkswagen Passat |
$6,400 |
49.3% |
6 |
Chrysler 300 |
$8,084 |
49.2% |
7 |
Nissan LEAF |
$6,167 |
48.3% |
8 |
Chevrolet Malibu |
$6,392 |
48.2% |
9 |
Hyundai Elantra |
$5,319 |
47.9% |
10 |
Mazda MAZDA6 |
$7,193 |
46.8% |
11 |
Kia Forte |
$4,913 |
46.7% |
12 |
Jeep Compass |
$7,163 |
46.4% |
13 |
Jeep Cherokee |
$7,418 |
46.3% |
14 |
Nissan Versa |
$3,961 |
46.1% |
15 |
Ford Expedition |
$15,830 |
45.8% |
Overall Average |
$7,019 |
31.5% |