Prices for used cars are very high right now. But why wouldn’t it be? With the unending storm of shortages of semiconductor chips and delays in supplies, used vehicles seemed to be the new gold. If you have a Jaguar lease, or you probably have been toying with the idea of returning your lease early, now is a perfect time.
If you’ve ever considered getting out of your Jaguar lease early, now is a great time to sell your lease. But between selling your lease to VIP Auto lease and Carvana or CarMax, which comes with a promise of a better deal?
Can I Sell My Jaguar Lease Early?
Yes, you can sell your Jaguar lease anytime you want. However, one thing you should keep in mind when returning your lease before the due date is that you’d have to pay an early termination fee. If you want to save big when you exit your lease, you should sell it to a dealership or third party for more than the residual value. Only by doing so can you pay off what you owe on the lease without paying from your pockets.
Equity & Early Lease Buyout
When it’s time to exit your lease early, you’ll likely want to know the lease buyout price plus the early termination fee. Your lease buyout value is determined by;
- The residual value on your car
- The money you still owe on your lease (including outstanding monthly payments)
- Payment for end of term liability, including possible wear and tear
If you must save big from selling your Jaguar lease, you must find out the exact buyout value of your Jaguar lease and the equity on your car.
To determine your Jag’s equity, find out the residual value of your car. This is quite simple as it’s already on your lease contract. Your Jag’s residual value is the estimated worth of your Jag by the end of your lease term. Next, you find out the buyout value of your Jag. You can get this from your leasing company. Lastly, you research the current value of your Jag. Sites like Consumer Reports and Kelly Blue Book can be quite helpful to you here. With this info, getting your car’s equity is very easy. If the current value is higher than the residual value and even the buyout price, then you’re on your way to saving big and potentially hitting a profit from your lease sell.
Sell To VIP Auto Lease
Whether you lease with VIP Auto lease or used car dealers like Carvana, Vroom, or CarMax, with good equity on your Jag, you’re on your way to saving big. However, selling your Jaguar lease to VIP Auto lease offers you more than more money in your pocket.
At VIP Auto lease, our leasing process is smooth and fast. We can also help you negotiate your way out and even into a new lease with any auto lender if there’s a need for one. If you want to turn your lease, we can come and pick up your car. And if you’re going to go into a new lease, we can also deliver your new vehicle straight to your driveway.
Care to trade in a Jaguar lease with no sweat while still making some profits? VIP Auto lease is the deal! Contact us at 1204 Hylan Blvd, Staten Island, NY 10305 https://viplease.com/.
