Report: Owners Leasing Cars May Be Able to Make a Profit

With the recent surge in used car prices in the U.S., many people leasing vehicles have discovered the surprising fact that the market value of their automobiles is greater than the dealer’s quoted residual (buyout) price.

All a would-be lessee needs to do is buy the car from the dealer and sell it on privately. The dealer gets the residual amount and the former lessee pockets a tidy sum.

Take the example of a 2008 Volvo XC90. With more than twelve months left on the lease, the dealer’s buyout price was a quoted US$18,500. Compare this to the amount the lessee was likely to get by selling the car privately: a far more substantial US$27,000. That’s a profit of US$8,500!

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Heico Sportiv Redoes the Volvo XC90 SUV, Launches New Styling Package

Seeing that Volvo will be holding on to the XC90, which has been in production since 2002, for a few more years, tuning firm Heico Sportiv decided to update its styling offerings for the crossover model.

The newly developed bodykit is made from PUR-R-RIM plastic and consists of six parts. These include new front apron that replaces the series-produced central and side panels and has a stainless steel stay located in front of the cooling air outlet, side skirts that are mounted on top of the original parts and a new rear apron that accommodates the four-pipe sports exhaust system with oval chrome end tips.

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