Selling my Leased 2015 Honda Accord Sport
My lease comes to an end this October and the residual value will be about ~$14,000. The vehicle is a 2015 Honda Accord Sport 2.4L (https://www.auto123.com/en/new-cars/tec ... dan/sport/). At the end of the lease I'm expecting around 100km in mileage and the car is in good condition. Tires are 6/32 thread (replaced over the years but same rating as OEM), interior is not damaged and non-smoking drivers, pretty much in decent condition with expected wear and tear over 5 years.
My question is; will I be able to profit from purchasing this car (via LOC) and selling it privately. I can see posts on Kijiji and Auto Trader for $15000 to $19000. I have not sold a car before let alone a car that has been leased.
1. What are lease end costs? (assuming no mileage extra is driven, this car has a lease guard warranty of up to $7500)
2. What costs are associated with selling a car privately?
3. Can the potential buyer of this vechile purchase it directly from the Dealer to avoid selling twice? How so?
Any other tips and advice is appreciated.