Question:
Every month they send me the buy out amount, if I were to sell it can I do it before my lease is up? Will the buyer just have to pay the buy out amount, or finish the lease?
Answers:
Im 19M and looking for an interesting and original first car, either something sporty looking or a cool jeep?
Actually, you can sell the car. It get's a bit tricky with a lease, but you can. If you can find a buyer willing to pay more than your payoff amount, it sure beats trading the car back in. Call whatever bank/agency the lease is through (you most likely won't be calling the dealer). Find out what fees (if any) are involved. You'll probably have the buyer pay direct to the leasing company, and have them agree to send the title direct to him, or to his bank if he's financing your car. Different states most likely have different rules. It is possible. Disregard most of the other posts stating that this is impossible. I work in this industry and have seen it done plenty of times. You can even trade in the car towards purchasing a different one at a dealer, it just works a bit differently.
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You can't sell what you don't own!
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you'd have to sign the lease over to the buyer, which would intale you going to the bank with the buyer
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If you sell your your car while still under lease you have to pay it off, then you can sell it.
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you dont own it so you have no title.So no you cant.
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I am sorry being harsh with you but how can you state your send a statement every month with buyout and then add will the buyer have to pay the buyout ?...to me that makes it balance of payments plus the buyout.
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