You are not. A lease has a payoff just like a finance. I have traded out of leases for the last 15 years. Usually about 2/3 of the way in. No more risk than a finance from a financial standpoint.i bought mine for the same reason. I’m waiting for my cybertruck, so I can sell 4xe as soon as my turn is in. With lease you’re stuck until its maturity
I would argue less.
If I get in an accident and turn it back in at the end of the lease they don’t care what the car fax says as long as it is repaired. Ever try to trade in a vehicle with an accident in a carfax report? It stings.
If gas is $1.50 a gallon again (not likely at all with a 3 year lease right now) when I want to trade or turn it in and no one wants a hybrid, I walk away.
If this is a huge flop, electrical nightmare and no one wants one, I flip the keys and walk away.
But you still do have potential upside. If gas is $5.00 a gallon and everyone wants hybrids and the model stays hot (and not from a fire) you can buy for residual or payoff and trade in to make a profit. Have a couple times with High Country Silverado’s.
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