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That leased car gathering dust in your driveway might have hidden cash in it.Dealers facing tight inventories are scrambling to buy good used cars to resell. They might be willing to purchase your leased car for more than the buyout price in your contract.“I haven’t seen used car prices go up this much in years,” says Oren Weintraub, president of car concierge service Authority Auto. “We are seeing a large percentage or leases with equity in them.”With the pandemic reshaping the car business, experts recommend extracting that equity by selling the car outright, using it to offset the cost of returning the car or leveraging that value to make a better deal on your next car.Where does the equity come from?Your lease payment is based on the residual value of your vehicle. This is a prediction of the car’s value at the end of the lease which, because of the pandemic, is now often too low.This means you might be able to arrange to sell the car for the higher price, pay off the lease and then pocket the difference. It also means you could dodge over-mileage penalties or end the lease early.For example, Scot Hall of the lease-trading site Swapalease said his wife has been working from home during the pandemic and decided she didn’t need her leased 2017 GMC Yukon Denali XL. She ended her lease six months early — saving the remaining monthly payments — and sold her SUV to a local dealer, pocketing a check for ,500.Know where you standHere’s how to know if you have equity in your leased car:Find the residual value in your lease contract. This is the amount you can buy the car for at the end of the lease (there might also be a disposition fee for this transaction).Get today’s buyout price. If you want to end your lease early, call the lease holder and ask for a current buyout price. Hall says you can usually estimate this price by simply adding the total of all the remaining payments to the residual value.Look up the current market value. Use an online pricing guide, such as Edmunds.com, to find the trade-in value of your car, factoring in the current mileage, options and condition. If you’re thinking of selling your car to a neighbor, look for the private party price. Or you can get a nearly instant cash offer from a local dealer, Carmax or an online car retailer such as Carvana, Shift or Vroom. Give real-world offers more weight in your calculations.Do the math. Subtract the residual value from the current market price or cash offer. This is an estimate of how much equity you have in the car and how much money you could make on the deal.Find opportunity in a volatile marketOnce you know if you are in a positive equity position, you can explore different ways to use this potential value. Here are options to consider:Buy the car yourself. If you do this, you’re essentially getting a good used car at below-market price. Also, you know the history of your car, so there are no surprises. Many lenders that refinance auto loans also offer lease buyouts.Sell your leased car privately. In many states, you can buy the car and transfer it to a new owner within a certain number of days without paying sales tax yourself. Be sure to check with the DMV in your state before you make a deal.Trade in the car to a dealer. If you decide you want another car, you could sell your leased car outright first and then plunk down the cash on the new ride. But trading it in could save you a considerable amount of sales tax.Sell your vehicle to an online service or a local dealer. Carvana, Shift and Vroom will pick up the vehicle and do all the paperwork. However, Carvana says it will not accept leased cars as trade-ins.Return your lease without penaltiesKnowing there is equity in your car puts you in a stronger position when you return your leased vehicle.For example, Weintraub had a client who was ready to return a leased car with excess mileage and minor body damage. Because of the equity in the vehicle, Weintraub convinced the dealer to waive the 0 disposition fee, the excess mileage penalty and wear and tear charges.Should you be facing those kinds of costs as the end of your lease approaches, the time spent getting buyout offers is not only a bargaining tool, but it also offers other options to try if the leasing company doesn’t play ball.More From NerdWalletClass of 2019 Borrowed Less, Report FindsHow to Handle College Loan Debt as an Unemployed Recent GradMore Grads Are Going Back to School: Should You?Philip Reed is a writer at NerdWallet. Email: articles@nerdwallet.com. Twitter: @AutoReed. 4559

The 90th Academy Awards are tonight!Late-night host, Jimmy Kimmel, will once against host the annual awards show at the Dolby Theatre in Hollywood, California -- hopefully with no envelope malfunctions this year.Whether you're watching the show at home or with friends, you can download the official Oscar ballot and make your predictions. View the nominees. 376

Thanks to our guests who continue to follow social distancing guidelines. #MaskUp #StopTheSpread pic.twitter.com/4btP7izdRG— Maid of the Mist (@maidofthemist) July 22, 2020 180

Taylor Swift?is helping a fan of hers in need.The singer donated ,500 to a GoFundMe page that is raising money for the family of a mother, Lauriann Bartell, who has been in a coma for the past three years.Bartell's 19-year-old daughter, Sadie Bartell, tweeted a link to the GoFundMe page and said that her mother went into a coma two days before she went to see Swift in concert. "Hey guys. I'm really nervous to post this. Please help if you can and pray for my family. I'm sorry I never said anything sooner and that I'm suddenly asking for help. I love you guys so much," she wrote in a message she posted with the tweet.She added, "I'm grateful to Taylor for keeping me afloat through it all."Swift made the donation to the online platform over the weekend with the message, "Love, Taylor, Meredith and Olivia Swift." Meredith and Olivia are her two cats.Bartell took to Twitter after Swift's donation and posted a message in disbelief. "Taylor really actually donated to me and followed me and liked my thank you to her like that actually happened it's my life it's real," she tweeted.She went on to post a more lengthy message on Facebook, "Everyone who knows me knows that Taylor Swift is my whole entire life. She has been there for me more than anyone. I really, truly, would not be who I am without her. Today she read my family's story online and out of the goodness of her heart donated to us. She shows up every time I need her. She always has and she always will. I wish that I could express how much it means to me that ANYONE has helped my family over the years, let alone Taylor."Bartell added, "She is the light at the end of the tunnel and is truly the best thing that has ever happened to me. I will never be able to comprehend this. She is a miracle in herself. She just gave my family exactly what we need to carry on. This sounds so composed and so collected but in reality I've been crying for hours and my hands are shaking so hard I can barely type this. Taylor Swift, I love you more than I could ever say. Thank you for this. And for everything else. Forever on your side and thanks for being on mine."CNN has reached out to Swift's representative for comment. 2204

Stormy Daniels' attorney Michael Avenatti has filed a motion in federal court seeking to depose President Donald Trump and his lawyer Michael Cohen to ask about a 0,000 payout before the 2016 election.In the motion filed in federal court in California, Avenatti requested to depose both Trump and Cohen, who was added this week as a defendant in the lawsuit, for "no greater than two hours."The request also asked for "targeted requests for the production of documents directed to Mr. Trump and Mr. Cohen on various topics relating to the hush agreement." 566