15 Used Cars You Should Buy and Flip After Your Lease

Dodge Used car prices have risen dramatically with the coronavirus pandemic. More people feel like they need a car, and many of those that are buying have more disposable income to spend on cars; meanwhile, car companies are struggling to meet the demand for new vehicles due to the chip […]

Dodge

Used car prices have risen dramatically with the coronavirus pandemic. More people feel like they need a car, and many of those that are buying have more disposable income to spend on cars; meanwhile, car companies are struggling to meet the demand for new vehicles due to the chip shortage.

If you have a car lease about to end, this trend could work to your advantage. An iSeeCars.com study found that the average three-year-old car coming off a lease is worth 31% — or $7,019 — more right now than the expected residual value. In theory, that means you could take the lower buy option in your lease agreement and then flip the car for a profit.

Here are the 15 cars that should generate the highest profit.

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1. VW Tiguan

Increase in Value Over Predicted Value, in Dollars: $8,677

Increase in Value Over Predicted Value, in Percent: 61.3%

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2. Dodge Charger

Increase in Value Over Predicted Value, in Dollars: $11,806

Increase in Value Over Predicted Value, in Percent: 55.9%

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3. Chevrolet Camaro

Increase in Value Over Predicted Value, in Dollars: $12,346

Increase in Value Over Predicted Value, in Percent: 52.9%

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4. Nissan Altima

Increase in Value Over Predicted Value, in Dollars: $6,228

Increase in Value Over Predicted Value, in Percent: 49.4%

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5. Volkswagen Passat

Increase in Value Over Predicted Value, in Dollars: $6,400

Increase in Value Over Predicted Value, in Percent: 49.3%

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6. Chrysler 300

Increase in Value Over Predicted Value, in Dollars: $8,084

Increase in Value Over Predicted Value, in Percent: 49.2%

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7. Nissan Leaf

Increase in Value Over Predicted Value, in Dollars: $6,167

Increase in Value Over Predicted Value, in Percent: 48.3%

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8. Chevrolet Malibu

Increase in Value Over Predicted Value, in Dollars: $6,392

Increase in Value Over Predicted Value, in Percent: 48.2%

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9. Hyundai Elantra

Increase in Value Over Predicted Value, in Dollars: $5,319

Increase in Value Over Predicted Value, in Percent: 47.9%

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10. Mazda 6

Increase in Value Over Predicted Value, in Dollars: $7,193

Increase in Value Over Predicted Value, in Percent: 46.8%

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11. Kia Forte

Increase in Value Over Predicted Value, in Dollars: $4,913

Increase in Value Over Predicted Value, in Percent: 46.7%

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12. Jeep Compass

Increase in Value Over Predicted Value, in Dollars: $7,163

Increase in Value Over Predicted Value, in Percent: 46.4%

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13. Jeep Cherokee

Increase in Value Over Predicted Value, in Dollars: $7,418

Increase in Value Over Predicted Value, in Percent: 46.3%

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14. Nissan Versa

Increase in Value Over Predicted Value, in Dollars: $3,961

Increase in Value Over Predicted Value, in Percent: 46.1%

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15. Ford Expedition

Increase in Value Over Predicted Value, in Dollars: $15,830

Increase in Value Over Predicted Value, in Percent: 45.8%

SHOP NOW

The 16 Best Cars to Buy in 2021

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Kitty Gochal

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