Monday, October 26, 2020

Higher Used-Car Values Mean Your Car Lease Could Unlock Hidden Cash

USA Today

Is there hidden cash parked right in your driveway?

If you’ve got a car lease that’s set to expire in a few months, a red hot used car market means you need to pay extra close attention to the value of your vehicle.

You might want to make a move more quickly than you’d expect –  and you might not necessarily want to opt for business as usual and just return the car to the dealer when the lease ends.

“It’s the most unique used-car situation we’ve ever seen,” Ivan Drury, senior manager of insights at Edmunds, said. Some cars, he said, didn’t depreciate in value for almost an entire year.

Read the article at USA Today

 

The post Higher Used-Car Values Mean Your Car Lease Could Unlock Hidden Cash appeared first on Fleet Management Weekly.


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