End of car lease advice
I'm in a 39 month / 10k annual mile lease for a 2021 Jeep Grand Cherokee L Limited. Lease ends February 2025. Currently 13.5k miles on the car. Residual at end of lease is 31k.
Looking around it seems like the current value of this car is anywhere from 34-38k depending on dealer or private party sale.
So what's the best move here? Buy it then sell it (my leasing company doesn't allow third party buyouts)? Buy it and keep it? Turn it in and buy different used car? I currently pay $495/mo on this lease and wouldn't mind downgrading a little.