Why is dealer buyout different from Ford buyout?

jbrewha74

My lease is up and I'm way under mileage, ran my car through KBB instant cash and it's almost 4K more then my buyout, which I printed out from my account. I took the KBB cash offer to a dealer just waiting for the shadiness, but they actually offered me 3200$ over what I thought was my buyout. Turns out the dealer called ford for the buyout, they told him to call the dealer I leased from and the dealer buyout was 2700 more. Anyone know how this is possible?

kyfdx

jbrewha74 said:

My lease buyout is 28k so I can't take the money out from under my pillow to buy it out and sell. Although, it could sell privately for upwards of 35-36. Kbb instant cash was almost 32k, the participating dealer was close enough, 31.2k. I'm surprised I can't make money off of it.

Your buyout is contractual. But, if you don't exercise it, the car belongs to Ford Credit, and they aren't going to sell it for less than it's worth. Which is why the dealer's buyout is likely higher.

carboy21

I have had two cars which were just 23-24 K miles at the end of a 36 k lease terms. I just bought out the lease and sold them to friends for a profit .

jbrewha74

My lease buyout is 28k so I can't take the money out from under my pillow to buy it out and sell. Although, it could sell privately for upwards of 35-36. Kbb instant cash was almost 32k, the participating dealer was close enough, 31.2k. I'm surprised I can't make money off of it.