The pandemic has definitely messed with certain segments of the economy -- including the car industry. In many places in America, it’s hard to buy a car because there just isn’t much inventory. There’s a shortage, which has caused prices to skyrocket.
Well, some people are taking advantage of this weird world by buying out their car leases -- and then selling their cars at a nice profit of thousands of dollars.
This is all working out for customers because lease buyout prices were set three years ago -- before used car prices went through the roof.
It’s cool to see something like this work out for the “little guy” once in a while, instead of always getting hosed by giant corporations. (NBC News)