There are many variables, to be sure! But if all other things are equal, I'm trying to understand if a dealer generally makes more on a sale of a leased car turned in or on a trade in.
We can look up trade in value and compare to what a dealer hopes to get retail but what on earth is a dealer's profit from a car that was leased....how does that work..I guess that's what I'm trying to understand as best I can.
The person leasing pays a monthly fee for the 3 years, say $250, or more than $8,000 during the 3 years. Then turns the car in. If the dealer then gets another $15K for that used car, he may make well more than KBB. So maybe, just maybe, a person buying a used car might be able to get a better price on a lease turn in than on a simple trade in? Unless there is something I'm missing here.
Car experts, I need your minds!
JJ