With the value of second hand cars currently sky high, consider your end of lease options carefully.
The default position for many is to simply move on to the next lease. If this is you, you need to be aware of the true value of the vehicle.
Also, many policies will allow you to keep the car at the end of the lease if you pay a pre-agreed sum.
This amount may well be less than your lease car’s now inflated value.
A client of mine is leasing a Volvo V90. He is now 3 months from the end of his lease. If he pays a pre-agreed £16,245 at the end of the lease period, he can keep the car.
However, due to the inflated market, the car is currently worth nearly £22,000!
So, he can either buy it and sell at a decent profit, or use the equity to negotiate hard on his next lease contract.
If you are in a similar situation and would like advice in terms of the true value of your leased car, and with how best to proceed, do get in touch!