Summary

In this episode of The Straight Shift, The Car Chick® discusses the intricacies of car leasing, particularly focusing on what to do at the end of a lease. She shares a real-life example of helping a client navigate lease end options, emphasizing the importance of understanding positive equity and the often-misleading information from leasing companies. The conversation covers the impact of market dynamics on leasing, the importance of transparency when dealing with dealerships, and practical steps for maximizing equity at lease end. The episode aims to empower listeners with knowledge to make informed decisions about their leased vehicles.

Takeaways

• Leasing companies do not disclose positive equity options.
• Market value can exceed the residual value, creating equity.
• Pandemic changes have altered how leases are handled.
• Transparency with dealers can lead to better offers.
• Documenting your car's condition is crucial for negotiations.
• Researching market value helps in understanding equity.
• Bidding wars among dealers can maximize your return.

Resources

CarBuyingCourse.com
TheCarChick.com

You can view a full list of resources and episode transcripts here.

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Work with LeeAnn:

• Course: The No BS Guide to Buying a Car
• Car Buying Service

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