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Author: dug32 Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 11684  
Subject: Re: Turning in a lease Date: 11/7/2000 12:36 PM
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Arsen,

Call your Toyota dealer and get the "800" number to Toyota leasing and find out what the "buy out" on your car is. Put the 4Runner up for sale with a price at or a little above your "buy out" price. When you have a buyer (you have to sell for the "buy out" price or more) then call your dealer and tell them you want to buy the car or you have a buyer for the car and you would like the title. They will know what to do. In doing it this way you are selling without owning, you have nothing to lose. If you don't get the price you need, don't sell. If you do get the price you want then you are out of the lease early with know extra charge for extra miles, no capitalization of "early out" lease months and you may even put a little extra money in your pocket to put down on your next car. This strategy is most effective in the last 6 months of a lease. The "buy out" is the residual value of the car plus the lease payments for the remaining months. The residual value is usually low, but too many months of lease payments can push the price out of realistic value for someone else to buy. That is why it works best in the last 6 months of a lease.

Good Luck

Dug32
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