What to Know When Trading In Your Lease
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While it’s common to simply return a car to the leasing company when your lease is up, it’s not always the best option. In 2021, shortages related to COVID-19 made used car prices spike significantly, which means that it’s very likely that your leased vehicle is worth more than your remaining buyout amount. Should you trade in your leased vehicle? No, not without checking the value of your leased car first.