[Steve Carlton]

First thing to evaluate is your equity position with the Camry. You (or your wife, if she's the only one on the lease) can call Toyota to find out 1) what the residual and purchase option is (it's on the lease contract, of course), 2) what the payoff is to a Toyota AND non-Toyota dealer NOT INCLUDING tax (sometimes they're different), 3) go online with Carvana, Vroom, and Shift to get their bids on the car. Those bids will likely be strong and probably make it not worth selling yourself. If she can break even or see some money back, she can get out now if she wants. She's paid for the car until the due date of the next payment. If there's negative equity in it, she can return it to Toyota and let them take the loss. She'll have to pay a disposition fee and for any excess wear and tear unless she bought a wear and tear policy.

If the payoff is $15K (as an example) and the dealer thinks it's worth more, they will try to get it for its payoff unless you know better. They probably won't match a bid from the places I mentioned above.

If gets another Toyota, there could be a loyalty bonus. Toyota should be willing to extend her lease under these circumstance, but she will need to renew the registration and I'd be curious if the payoff on the extended lease goes down with the additional payments. If she leases something new now, the lender will probably give her a 2-3 month furlough on payments due to the COVID situation.

The elephant in the room is a new Volvo lease, of course...