Accident Reported
Senior Member
Joined: Apr 2019
Posts: 286
Likes: 64
nothing
My personal experience with two of the last leased cars I had with minor damage (which I sold privately at lease end) is at odds with that statement. A bumper cap respray may not materially impact the resale value of the car at all, depending on the quality of the repair, how well the car is presented and marketed and the tolerance of the buyer for minor repairs. Someone in Munis's situation would be smart to look at the buyout on the car when the time comes, and determine the delta between that number and what they could get selling it privately. In almost all lease situations it's better to sell privately and pocket the difference between the residual and market value than give it back. Of course, many people aren't motivated to sell privately for one reason or another and choose to let the dealer have all the upside at lease end.
