I've got a buddy whose coming to the end of his VW GTI lease this week; Blue book on his car with 45,000 miles is about $14-15,000. His residual is $11,578.
I've never heard of this happening but what should he do? It seems he should "buy it"; then sell it.
But what options are best and how could he do this? If he walks in and buys it, signs terms to a loan; how can he sell the car and make the extra cash?
Thanks for your time