Saturday, December 3, 2022
News Buying Back Your Leased Car Might the Smartest Financial Decision You Make...

Buying Back Your Leased Car Might the Smartest Financial Decision You Make this Year

Depending on the leased vehicle in your driveway right now, it could be worth up to 61% more than originally planned

  • On average, the average 3-year old leased car is worth 31.5% more than its residual value.

  • That works out to roughly $7,019 more than indicated on the lease contract.

There was a time when the math didn’t add up. Leasing a new car to then buy it would typically end up costing far more than simply initially financing it. The times, they are weird and changing. If you drive a Volkswagen Tiguan or Dodge Charger, for example, your payday might be just around the bend.

Dodge Charger Widebody SRT

The current new and used market has been turned on its ear because of pandemic-related complications. For some, the situation has caused many headaches due to production and delivery delays while, for others, the news might be very good.

iSeeCars has analyzed nearly 10 million used car sales and come up with the following list of vehicles that are worth considerably more than the indicated end-of-lease buy-back amount.

On average, they’ve discovered that the average 3-year-old used car is worth 31.5% or $7,019 more than its residual value estimated at the beginning of its leasing term. Curious to see if your ride’s on the list? Here are the top 15 potential money-makers:

Leased Cars to Buy Back and Sell for the Highest Profit  – iSeeCars Study
RankVehicle$ Market Value Increase Over Predicted Value% Market Value Increase Over Predicted Value
1Volkswagen Tiguan$8,67761.3%
2Dodge Charger$11,80655.9%
3Chevrolet Camaro$12,34652.9%
4Nissan Altima$6,22849.4%
5Volkswagen Passat$6,40049.3%
6Chrysler 300$8,08449.2%
7Nissan LEAF$6,16748.3%
8Chevrolet Malibu$6,39248.2%
9Hyundai Elantra$5,31947.9%
10Mazda MAZDA6$7,19346.8%
11Kia Forte$4,91346.7%
12Jeep Compass$7,16346.4%
13Jeep Cherokee$7,41846.3%
14Nissan Versa$3,96146.1%
15Ford Expedition$15,83045.8%
Overall Average$7,01931.5%


Trending Now

Deliveries of the Lordstown Endurance are About to Begin

The first units of the electric pickup have left the assembly plant. The company wants to have delivered 50 vehicles by the end...

Hyundai Announces U.S. Battery Partnership With SK On

Hyundai will get batteries from SK On from 2025 New US EV plant expected to open that year Hyundai has signed a new agreement...

Top 20 Vehicles with the Longest Potential Lifespan

New vehicle prices continue to climb out of many consumers' reach. Used vehicle pricing remains high however shopping for something older remains an...

Corvette to Become a Brand with Sports Cars, SUVs, and a Sedan

GM will maximize the Corvette’s name recognition. The line-up will consist of premium sporty vehicles. Also, there’s too much money to be made by...

Volkswagen May Team Up with Foxconn to Build Scout Vehicles

Taiwanese Foxconn is currently building the Lordstown Endurance pickup. Volkswagen announced the return of the Scout brand last May. Volkswagen is actively shopping for...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.