If your vehicle is leased and nearing its time to turn in, you may be surprised at how costly and difficult it will be to find a replacement.
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Parts Needed to Build Vehicles are in Short Supply
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Production Lines are Slow and Some are Shut Down
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There is a Very Low Inventory of New or Used Vehicles on the Market
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Prices of New and Used Vehicles are Much Higher as a Result
However, there is some good news!
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Your lease probably has a provision allowing you to buy your leased vehicle at turn-in time for a price that was fixed when you started the lease.
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That buyout price is much lower than what it would cost today to buy a similar vehicle in the marketplace.
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We have seen buyout prices that are 50% to 70% of what the vehicle would normally cost in today's marketplace.
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The lease company wants you to turn-in your vehicle so they can sell it at a marketplace price and make a big profit.
If you are satisfied with the condition and performance of your leased vehicle, don’t turn it in and pay a high price for a replacement. We can help you buyout your lease at a really low interest rate. Contact a loan officer today to discuss your leasing buyout options!
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