Hollywoo0220
Customer Service oriented (most of the time) :-)
- First Name
- RJ
- Joined
- Feb 10, 2019
- Threads
- 5
- Messages
- 744
- Reaction score
- 524
- Location
- WA
- Vehicle(s)
- Dihatsu Charade, BMW, Various Hondas, Focus ST, and VW GTI
No Charles. Any addt'l you put down on a Lease only affects the payment. The Residual is what the automaker guarantees the vehicle to be at the end of the term. Thus, for a Closed End lease you can return the vehicle or refinance it - you just can't SELL it, as you would need to purchase the vehicle yourself first and getting the title before doing that.
I have rarely in the past 7yrs seen any POSITIVE equity in a leased vehicle when returning it to an appropriate dealership.
I will caveat to that by saying that, any specific dealer may offer a more enticing Offer on another vehicle if you leased upon turning in. Now, that would be the same as a "somewhat" equity situation....
I have rarely in the past 7yrs seen any POSITIVE equity in a leased vehicle when returning it to an appropriate dealership.
I will caveat to that by saying that, any specific dealer may offer a more enticing Offer on another vehicle if you leased upon turning in. Now, that would be the same as a "somewhat" equity situation....
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