It's a lease. I leased this one because it's a dedicated tow vehicle and I was flipping purchased trucks every three years anyway. Generally, at three years, the purchased vehicles were usually a wash with payoff. So, the lease made sense and shifted any loss of value back to the lessor...pre-covid.
Looks like it will be a bit more difficult to dispose of your leased GM vehicle. My 2019 GMC Sierra has a boatload of equity in it, but GM financial will no longer allow sales to third parties, such as other make dealers or Vroom. Told me it was to allow GM dealers to have more access to used vehicle. More like allowing GM dealers to low-ball you out of equity. Nothing in my lease agreement mentions selling to third parties, but GM financial stated that they'd just return any attempts at payoff.
GMC Double 4WD gcwr 24,000, max hitch 14,500, max 5'r 16,740, max goose 16,740, max payload 3,747
F250 Supercab 4WD gcwr 28,000, max hitch 15,000, max 5'r 18,800, max payload 3460
Actual facts.