well if u look at the lease there is a buy out on the car. toyota will offer to buy the car back from you but at a price lower than the lease. Im kind of in a situation here myself. i have a tundra 18 months into the lease. the buy out on the lease is 41,000. toyota will offer to buy the car 35,000 because they need to make money to sell it. i can sell it myself for around 41000-44000. if toyota buys it i need to pay them 6,000 plus taxes. if you only have 3 months left, i would just hold out unless you can sell it privately. a dealer will only pay you black book for your car not retail. so if you choose to sell it. do it privately. if you want to you can buy the car out right and sell it, but you pay double taxes. you could also try and find someone to take over your lease. (i believe there is a 400 dollar charge for that) i would just hold out and wait untill it is up and hand it back to get a new one. or buy it out. Toyotas do hold there value pretty well and th retail price will be more than the buy out. I had a 99' 4runner and at the end of the lease (4 year) i bought it and payed 13,000. 6 years later i sold it for 17,900. really it is your choice what you want to do.
hope this helps
|