Most people simply turn in their leased vehicles when the lease comes due, even if they are under their mileage limit.  Did you know that you can SELL your leased car to a dealer and MAKE MONEY? 

Remember – leasing is just another form of financing a vehicle.  At any time during your lease, you can sell it to a dealer and buy or lease another car, as long as the market value of the car is greater than or equal to the payoff amount of the lease.  If the market value is less than the payoff amount, but you are not over your mileage limit, then you should wait and turn it in at the end of the lease.  The “negative equity” is then the leasing company’s problem, not yours.  However, if the market value is greater than the payoff amount, then you should sell the car and pocket the difference!  Most leasing companies don’t advertise this option because they want you to turn in the car so they can keep those profits!

If you are nearing the end of your lease, contact Women’s Automotive Solutions to see if you have any positive equity in the vehicle.  Why just turn it in when you can make money!