Can a Leased vehicle be sold before lease end?
09-17-2004, 01:24 PM
#1
Cruisin'
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Can a Leased vehicle be sold before lease end?
Generally speaking, can you sell a car that is leased? How would this work? I have about 1.5 years left on the lease. Anyone done this before? Thanks in advance for any feedback
09-17-2004, 01:59 PM
#3
Any Lady Want One??? :-P
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you can sell the rest of the lease out. The total price is the left over payments + the residual. Like Crazy said its a whole helluva lot of money
09-17-2004, 02:27 PM
#4
Yes. It's easy. It's treated like any other car sale. You call & get the buyout price. You then sell the car & pay that amount. Now it's yours. You can also trade in a leased car & the dealer will do the same thing. You don't have any fee's cause you buying it out. The amount you pay now will still equall the amount you would have to pay at the end of the lease minus the payments. So if you owed $20K now, & pay $500/month with 1 year left. 1 year =$6K. $20K-$6K = $14K (what the buyout would be at lease end)
09-17-2004, 09:02 PM
#5
Homeless
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You're best bet is to sell it privately...if you turn it in mith high miles, look out..............$$$
Fuzzy's right though, just get the payoff & go from there. My 02 is through Honda & I can get my lease payoff online anytime.
Fuzzy's right though, just get the payoff & go from there. My 02 is through Honda & I can get my lease payoff online anytime.
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