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I would get multiple appraisals on the car from carmax/vroom/carvana to see what your trade in would be like first. Based on that you can determine what the car is worth (add some market data etc.) and if your buyout is within couple thousand you should be good. There is no point of buying out a vehicle if the residual is 40k and you can barely get 35k for a trade in.
There are some 2019's out there where you can lease at great discounts and not worry about warranty/wear+tear expenses which will be coming up with your current car.
Good luck!
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