Maturing leases are likely to continue yielding a profit to consumers buying the vehicles, according to a company that helps consumers finance lease buyouts.
"We see there being equity next year," Lease End COO Zander Cook said in November regarding vehicles whose leases conclude in 2023.
However, he cautioned this hypothesis was contingent on a used-vehicle market with strong prices like today.
A Lease End study of customers from February to October determined the average leased vehicle was worth about $7,000 more than the amount the consumer would pay to buy the vehicle at lease end.
Cox Automotive data tells a similar story. The Cox Automotive Lease Equity Position calculates the equity on a 36-month lease by comparing the difference between the vehicle's lease residual value and its wholesale Manheim Market Report price at maturity.