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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
Hi everyone,
The lease is up on my 2019 Hyundai Kona SEL. The residual value is much higher than it was 3 years ago. Does mean that if I decide to buy the car, I'll pay the cost of what the RV is today or at the time my lease started? My zip is 95123 if it makes a difference. Dealership is 95020.
Back in 2019, I got a really good deal with the help with this forum. I'm trying to figure out if it makes sense to buy or lease again, given two main considerations: (1) How prices have gone up; (2) I most likely will only need a car for another 1-1.5 years. So if I lease, I'd look for someone to take over.
Any help is greatly appreciated. Thanks in advance!
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Also, I'm assuming whatever RV that shows in the contract, there's tax on top of it. It still makes sense to buy, right? It sounds like I would be able to sell it for even higher the way the market is (even in a year)...
Thanks again!
Yes, with the residual value that low, it makes sense to buy out the lease.
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige