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submitted 1 year ago by viper689Irvine. I'm in the market for a new car, and saw that there are auto brokers in OC that will make the car buying/leasing process very easy for you. Basically you tell them what car you like, and they'll go and get it.
A leased car is actually owned by the leasing company. To trade in a lease, the dealer for the new car must pay off the lease termination cost to the leasing company. The dealer will allow the wholesale value of the car as a trade credit and the cost to terminate the lease will be charged against that credit.