Quote:
Originally Posted by trinim3
Have you checked if you have equity in the car? I always try to avoid "turning in a lease" and instead prefer to sell the car to a dealer. You avoid paying for paint chips, dings etc and mileage overage fees
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Hi, I have no problems with end of lease, I already had my inspection and there is no chargeable wear & tear, although I was on the same boat as you, I would rather sell it if I could even if it paid off the buy-out. It's '12 X5 and I'm told that there is no equity, at least not enough to sell in the market to any dealer or wholesale. In reality there is about $4-5k in the market, but dealer won't pay that much and their value is about $3k below my buy-out. I thought about taking a trip to Carmax to see what they think about it, but I don't really expect much from them either.