If you lease your car, you could have hidden cash parked in your garage. When you end of your car lease, think about your exit strategy before you turn in your car. and pay attention to the red hot used car industry. Ryan Griffith Used Car Director for D & M Leasing, says "As of right now - prices for used cars have skyrocketed to more than what they normally are. And that is vindication that you SHOULD consider your options because your car may be worth more than the buyout price listed in your lease. There are always multiple options when exiting a car lease."
Griffith says also - you might want to make a move more quickly than you'd expect. He says it all depends on the car's mileage and condition as well as its make and model. Cuts in production in the early Covid Days drove up the values of used cars and could mean your used car could bring you cash.