I'm still a little way off, but given the Covid-19 used car premium and exceedingly low mileage, I'm pretty sure my 2019 leased car will be worth much more than its residual value. So buying the car instead of simply returning it would probably make sense. And if I did turn it in, there's the Covid-19 (and we got no chips) new car premium to deal with for the replacement 2022 car.
Now I'm sure many dealers are currently dealing with this issue. They need good quality used cars, so they would want my lease return. They want to keep me in their leasing family, so will try to sign me up again. However they need to somehow make leasing a new vehicle attractive to me, but given the fact the new cars are selling at a dealer premium to MSRP, how's that going to work?
Anyone have any recent end of lease experiences, or have their lease expiration date coming up soon?
Now I'm sure many dealers are currently dealing with this issue. They need good quality used cars, so they would want my lease return. They want to keep me in their leasing family, so will try to sign me up again. However they need to somehow make leasing a new vehicle attractive to me, but given the fact the new cars are selling at a dealer premium to MSRP, how's that going to work?
Anyone have any recent end of lease experiences, or have their lease expiration date coming up soon?