How to PROFIT from your car lease (that ending 🤑) #shorts

➡️Financial Freedom Resources👇

[ThePinkPanther]

As a car salesman (don’t judge I’m a good person lol) this is leaving out some VERY important aspects: monthly payment, the market being insane right now, plus having to have credit to do this.

[layzygaming]

🤣🤣🤣 he thinks the lambo would depreciate by only 10K in 3 years

[sgordon]

These type of videos are getting out of hand with just flashing big $ on the screen and acting like they taught us something

[bigsalsa]

Also Carmax can only buy specific leases. As well as carvana. For example Honda financial services does not allow any other company to buy out their leases.

[fueledbyshai]

The real tea about these videos is that Finance videos make most revenue per clicks in ads.

[jackjumper]

When I went to high school I had a woodshop teacher who is missing fingers I never listen to us saying he said because he didn’t know how to work around tools. When I was in college I had to take a course in business the guy teaching me on how to make money was broke I did not listen to him because he doesn’t know how money works. I do believe when it comes to buying a car I’ll go to people who know how to do it not kids with a TikTok page

[Zapgod]

The only way you can profit from a lease is if the resale value on the date your lease ends is higher than the residual value on your contract. Ex: your contract has a residual value of 15k after 48 months but your car is worth 19k, you have the right to purchase the car for 15k instead of 19k. Then you resell and profit 4k

[stjfv]

I’m in the car business; please don’t try this! Lol not all brands even let you sell the lease rights to another location. (Often time has to be grounded at the same place) and unless you pay cash outright and then sell (or finance run hard inquiry on your credit report and hope to get the same value 30 days later; you risk this blowing up on your face) Todays market is crazy; if you leased 3 years ago it’s a solid chance this will work on most manufacturers (assuming the residual was good from the start)

[SOTC-linoge]

Average cost to lease a Lambo is $3k a month. You paid $108k over 3 years. You didn’t make a financially wise decision, regardless of a payout.

[TOMMYBEETS]

Your missing details. Car has to be in pristine condition, low miles, no accidents, and good enough residual in comparison to what the car is worth to buy it out.

[GoodwinTheWin]

Leasing is already a losing money strategy. Cars are already depreciating assets.

[soldoutofcrocs]

Too bad car companies are starting to only let you do a turn in at a like dealership.

[HermesAA]

When you show me YOUR Lamborghini, then I'll take your advice and follow. 🤣

[Schmoodledoodle]

Most car brands will not permit transferring buyout rights

[adfsllc]

Tip: when purchasing or leasing a vehicle another thing that the underwriter looks at is if you have had a previous lease or car loan before. Most to approve you for a Lamborghini or Ferrari etc… require that you have had a previous one of at least half the price of the one the person is looking to get to show credibility. Not all require this but 90% do.

[anthonydelgado]

Remember if the price is to high just ask them if they really like there knee caps and watch that price drop follow for more money tips!;)

[Isaac-yspu]

$6, 600 of that gets eaten by the registration. Then another $2, 200 gets eaten by the capital gain tax. So you are left with around $7000 assuming you could actually find a dealership even willing to sell you a car like this.

[victorkaminsky]

Yes this is true it work. But in these past few years with dealerships buying back your carmax theory doesn’t work

[vinayuddagiri]

He took lease -100k
Selling right -5k
Total -105k

Sold it for -110k

How is it 15k profit??

[hunterjenkins]

Bro I’m just in the army and trying to buy a beater😂, this makes no sense to me how did he get the extra 15g it should just be 95g afterwards🤯