Yes we have 2 times already
Depending on your Mazda's value, you might consider buying the vehicle from Mazda Finance or whomever, so you can sell it when the Maverick comes in. That's what I did with my Hyundai Ioniq. If the Maverick came in today, I'd be getting somewhere between $5,341 (Carmax, quoted last Monday) and $7,477 (Carvana) more than the lease buyout value cost me. We'll see how that holds in 6wks when the Maverick finally delivers.
That is what I did. Bought my lease then I'll resell it when my truck comes in or use it as a trade in, whenever that will be.
That's why I bought it. I was in a real good position because of the value. Now if I can just get my truck before the bottom drops, or economy takes more of a dive.
Dang, that's great. Buy it out and sell it to CarMax or one of the other iBuyers. Also just for fun, here are the quotes I recently got for my Ioniq - Carmax was an in person appraisal.
Typically if the residual is too low it means you overpaid over the course of the lease unless you buy it out and trade instead of just turning in. Although usually manufacturers offered leasing incentives that offset this. That's in part why leasing many vehicles right now is really an unattractive deal. Residuals are low and money factors are high so the lessors maximize the short term return while there's little in the way of rebates. Also things like market adjustments or mandatory add-ons aren't residualized so anything over MSRP you're paying back in full over the lease term.
If the Ford dealer is offering 22k trade-in that's a better deal than CarMax since NJ gives you the sales tax credit of $1540.
