Automakers Move to Restrict Lease-End OptionsBy John M. Vincent|July 29, 2021One of the best ways to get a bit of money back at the end of a car lease is to sell your leased car to a third party for more than its residual value, then pay off the leasing company and pocketing the difference. If your current lease is through GM Financial, Honda Financial Services, or the financing arms of a growing list of other automakers, you don’t currently have that option. There’s a strong chance that more brands will follow suit.In normal times, you can sell your leased vehicle to anyone you want to, including used car dealerships such as Vroom, Carvana, or CarMax. But there’s a caveat: you have to ask your leasing company for permission to do so.If you ask today, the answer will be no.Owaki / Kulla via Getty ImagesInstead, you will be required to return the vehicle to one of the brand’s franchised new car dealerships, or buy it yourself at the buyout price specified in your lease contract.

Source: Automakers Move to Restrict Lease-End Options | U.S. News & World Report

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