Navigating Lease Equity: Q&A With Ken Ganley Buying Center Boardman
Negative equity in leased vehicles occurs when the payoff amount exceeds market value, creating a financial gap that drivers must address before transferring ownership. Ken Ganley Buying Center Boardman experts advise options like paying the difference upfront or rolling it into a new loan, while emphasizing the importance of reviewing lease terms and lender policies to navigate early lease exits smoothly.