Latest Industry News
April 28, 2022
Posted by Chloe Taylor

Trade-In Your Buick With VIP Auto Lease Over Carvana

Do you have a Buick lease that you want to get out of? Are you thinking about the best way to save money while exiting your lease early? Sell your lease!

When selling your lease, you can sell either to a dealership like VIP Auto lease or a third party such as CarMax, Vroom, etc. But as you would like to save money exiting your lease early, could selling your Buick lease to VIP Auto lease help you save better than selling to Carvana, Vroom, or CarMax?

Can I Sell My Jaguar Lease Early?

Yes, you can sell your Jaguar lease anytime you wish, either to a dealership like VIP Auto lease or a third party like Vroom, CarMax, or Carvana.

Ordinarily, you can sell your Buick lease to anyone (whether a dealership like VIP Auto lease or used car dealers like Carvana, Vroom, or CarMax) whenever you want to exit your lease. However, the current supply and demand crises have made many leasing companies prohibit third-party lease buyouts. Banks and credit unions, including Ally Bank, CarFinance, MetaBank, RoadLoans, etc., now frown at their customers selling their leased vehicle to a third party, such as Carvana, Vroom, and CarMax.

Equity and early buyout value are what determine if you’d be saving any money at all when you sell your Buick lease.

Your Buick Buyout Value & Equity

Whether you’d be able to save big or not when you sell your lease depends largely on the buyout value and the equity. Before selling your lease, you need to determine the residual value, buyout value, and current market value.

Your car’s residual value is its estimated value by the end of your contract. It is usually estimated by the leasing company and written clearly in your lease contract. Next is the buyout value. This is what your dealer will charge if you want to purchase the car. In early lease exit, there’s any early lease buyout value. To exit your lease early, you need to contact your leasing company for the buyout value of your car. Now, you need to find out the current value of your vehicle before selling your lease. Websites like Consumer Reports and Kelley Blue Book can help you here. Find your car’s equity by comparing the residual value with the current value. If you have a buyout price lower than your car’s current value, you’re in for some cool profit selling your lease.

VIP Auto Lease Or Carvana?

Now here is the thing, you can equally save money when you sell your lease to VIP Auto Lease or Carvana. However, you can gain more than just saving more when you sell your lease to VIP Auto lease. For a start, while the recent ban on third-party lease buyouts will make it challenging for you to negotiate with your bank or credit union, especially if they have joined the bandwagon, by selling your lease to VIP Auto lease, we will help you talk with your auto lender.

When selling your lease to us, you can count on getting an irresistible offer. And if you don’t like our initial offer, you’re free to negotiate, unlike what you get from Carvana or any used car dealer. Regardless, we’re sure of giving you a top bargain—one you won’t find anywhere else. Above all, our process is simple, stress-free, and fast.

Want to save money and time selling your lease today? Why not reach us at 1204 Hylan Blvd, Staten Island, NY 10305

VIP Auto Lease
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* Lease prices may reflect conquest, rebates, one pay or loyalty incentives.
   Please inquire for more information. VIP Auto Group is not franchised dealer.
* Zero down leases are subject to state taxes, bank fees, title fees, first month   
  payments and registration fees.
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VIP Auto Lease is a full service car leasing company that puts the power of buying a new car in the customer’s hands. Since opening our doors in 2007, we’ve made sure that our promise stays true: no pushy salespeople, no haggling, and a guarantee that to our dear customers that we will provide the lowest possible price with industry class service. We offer nationwide delivery and 100% virtual or in-person ordering (your choice). We are frequented by residents of the greater Tri-State (NY, NJ & CT) area as well as Nassau & Suffolk county Long Island. We service all of New York City including Brooklyn, Queens, Bronx, Manhattan & Staten Island, NY. So Wherever and whoever you are, feel free to take advantage of our guaranteed best prices on ANY make & model now.

Review From Ashley Smith: This was my first experience using a leasing company. In the past, I leased my cars directly through the dealership and always felt that I didn’t receive a fair price. I had such a pleasant experience with VIP Auto Lease from the first time I called to when my car was delivered. Michael Jeffries was a pleasure to work with. He was very responsive and able to get me a great deal. He made the leasing process smooth and easy. I was so impressed there were no hidden fees and that the car was delivered right to my house! I will definitely use VIP Auto Lease again in the future! Thank you again!

Aggragate Rating 4.9/5 Out Of 899 Reviews

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Friday  10:00AM - 5:00PM
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1204 Hylan Blvd,
Staten Island, NY 10305
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