OMAHA, Neb. (WOWT) – The prices for good used cars are running hot so many people with leased vehicles are buying what they already drive.
But there may be potholes in getting proof of ownership.
Instead of searching for a quality used SUV Mary Kay O’Connor bought the one in her garage.
“The car had more value than the buyout amount and it only had about 20,000 miles on the car so it’s practically brand new to me,” said O’Connor.
Douglas County Treasurer John Ewing says she’s not alone.
“What we are seeing is there are more people buying out their leases,” said Ewing.
The head of a national online car dealer Tred.com says car leasees are in the driver’s seat.
“You have 20-40% extra value in your vehicle you can keep for yourself if you go out and sell it yourself. But to do that you have to get