As the microchip shortage continues to affect new and used car supply, Seattle drivers who have leased vehicles are in a unique situation: the ability to buy them out and sell for profit.
iSeeCars, a car search engine that helps shoppers find the best car deals, recently examined over 10 million car sales and found the average price for a used car is roughly 31% higher than its residual value estimated at the beginning of the lease. Using data from three years ago, iSeeCars compared the predicted three-year residual of new cars from 2018 with the current prices of used cars from 2018 to see which cars can likely be purchased
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