I really do wwish my tundra had equity but it doesnt seem that way. As you can see the buy out price is sooooo close to MSRP. All the offers I've received from dealers have been to the tune of 38-40k.
2020 tundra SR5
MSRP: $46,628
Buy out price: $41,900
Current mileage: 19,200
The BMW is a little more tricky. That one I really have to crunch numbers as we get closer to the lease maturity as I'm ~25,000 miles over the agreed lease amount. Unfortunately my wife got in a minor accident with it that required a fender replacement and someone backed into it another time at a grocery store which went through their insurance. Though, it stilll is probably on a carfax somewhere. So 2 accidents will most likely hurt the resell value of it. Because it's a lease we couldnt claim a loss of value credit from the insurance company.
So the pickle I'm in there is I either pay out the additional mileage ~$6687 OR I buy it out and own a BMW with ~70,000 miles. Both are terrible options lol.