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What if my lease is underwater instead of having equity?

If your car's market value is less than the payoff amount, your lease is "underwater" or has negative equity. This means you would owe money if you tried to buy it out or trade it in. In this situation, it usually makes more sense to return the car at lease end rather than buying it out, unless you really love the vehicle and plan to keep it long-term.

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I don’t know where to begin, the experience was that good. After the efficiency, professionalism, honesty, and best pricing hands down, I will never get another vehicle from anyone except Vantage Auto Group. Using anyone else would put you at a Disadvantage!
I don’t know where to begin, the experience was that good. After the efficiency, professionalism, honesty, and best pricing hands down, I will never get another vehicle from anyone except Vantage Auto Group. Using anyone else would put you at a Disadvantage!

Raymond Catania

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Quick and easy! Jess and Dave answered every question I had, Brandon delivered the car within the time window I was given and was in and out. I will definitely be using them for future car purchases.
Quick and easy! Jess and Dave answered every question I had, Brandon delivered the car within the time window I was given and was in and out. I will definitely be using them for future car purchases.

Lorraine Anacker

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Great customer service! Dave was very responsive and worked hard to find the car we were looking for. His pricing was unbeatable and the vehicle was delivered right to our driveway. There was a small issue with the vehicle from the manufacturer, but Dave and his team have been working hard to rectify it. Goes to show their service doesn’t disappear after delivery, and are committed to developing relationships and making longterm customers.

Great customer service! Dave was very responsive and worked hard to find the car we were looking for. His pricing was unbeatable and the vehicle was delivered right to our driveway. There was a small issue with the vehicle from the manufacturer, but Dave and his team have been working hard to rectify it. Goes to show their service doesn’t disappear after delivery, and are committed to developing relationships and making longterm customers.

Eric A

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Hands down the best and easiest way to buy a car. Sean and his team were outstanding. Flawless customer service with very competitive pricing. HIGHLY recommend them.
Hands down the best and easiest way to buy a car. Sean and his team were outstanding. Flawless customer service with very competitive pricing. HIGHLY recommend them.

David Giglio

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Super streamlined way to purchase a car.Very professional and easy to work with.

Super streamlined way to purchase a car.Very professional and easy to work with.

Jason Levy

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Sean and the team are fantastic, and make a complicated process really easy. Not to mention they got us a lease deal on our new jeep at a better price than what we’ve been paying the last 4 years… can’t thank them enough!

Sean and the team are fantastic, and make a complicated process really easy. Not to mention they got us a lease deal on our new jeep at a better price than what we’ve been paying the last 4 years… can’t thank them enough!

Karlyle Saur

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David Alesso made the impossible happen! My family grew & my SUV got very small FAST but I still had a year left on my lease. This was my 2nd time using Vantage Auto Group & David worked a miracle! Yet again, everything was very seamless & easy & my Telluride was delivered right to my door!

David Alesso made the impossible happen! My family grew & my SUV got very small FAST but I still had a year left on my lease. This was my 2nd time using Vantage Auto Group & David worked a miracle! Yet again, everything was very seamless & easy & my Telluride was delivered right to my door!

Jennifer Silver

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Sean and the Vantage team made leasing a new car an easy experience. Would definitely recommend.

Sean and the Vantage team made leasing a new car an easy experience. Would definitely recommend.

Kevin Brotspies

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Front view of three luxury SUVs in blue, silver, and black, positioned side by side with the blue vehicle centered.

Had a wonderful experience working with Vantage and Dave A. in particular. Dave came as a referral from a neighbor and he was very straightforward and helpful throughout the entire process. Once I decided to move forward with a lease, Dave was super efficient and we got everything done within a few days!

Had a wonderful experience working with Vantage and Dave A. in particular. Dave came as a referral from a neighbor and he was very straightforward and helpful throughout the entire process. Once I decided to move forward with a lease, Dave was super efficient and we got everything done within a few days!

Kevin Huang

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