If you want to sell your leased car before it is up when should it be done???????
hey guys ok here is my situation i am in a 3 year 36,000 mile lease with my 00 acura integra GS i am nearing my second year in december and will have one more year to go, however i am now a family man(have a daughter) and a 2 door car is very tough to deal with when having a kid not to mention i will break my 36,000 miles in march or july and im expecting to put 5 to 6000 more miles on my car before i return so to avoid paying for mile penalties and fixing all the little scratches here and there i want to try and sell my car for more than what the residual is (12,500) maybe make an extra 1500 to a 1000 on it and pay the residual of and bank the extra $$$ however i am not to knowledgable about leasing, how do i go about selling my car??? do i wait till i have 6 months left then sell, do i try to have someone take over the payment and just give me 1500$ cash so he or she can buy it out at the end??? what do i do??? please help me out guys!?!?!?!?
I don't think you can sell a leased car, because you don't actually own it. You are just making payments on the depreciation.
Call the bank, depending on the lease you might be able to transfer it to someone else or you might not. Whatever you do, I'd avoid leasing again if you can help it.
Call the bank, depending on the lease you might be able to transfer it to someone else or you might not. Whatever you do, I'd avoid leasing again if you can help it.
open end lease you can sell the car, but sometimes you pay a penalty. (500$ or so depending on the finance company)..
find a buyer to buy it outright.. call the finance company and ask them what you need to do to have that person do the buyout.
I turned in a 98 GSR in excellent condition and they never ask me for a dime. It was over the mileage but in garage kept unscratched condition.
second option is to put it on ebay "Original show car for fast and furious movie" and sell that bad boy to some schmuck for as much as you can get out of them.
find a buyer to buy it outright.. call the finance company and ask them what you need to do to have that person do the buyout.
I turned in a 98 GSR in excellent condition and they never ask me for a dime. It was over the mileage but in garage kept unscratched condition.
second option is to put it on ebay "Original show car for fast and furious movie" and sell that bad boy to some schmuck for as much as you can get out of them.
If you want to just rid of it, then have someone take over the payments and let them buy it at the end. (I've seen people asking nothing and just wanting others to take over payments)
You might also consider buying it now since interest rates are low and then sell it.
You can also trade for a 4 dr with acura.
just my 2 cents...hope this helps....good luck
anyone else with experience of leasing?
You might also consider buying it now since interest rates are low and then sell it.
You can also trade for a 4 dr with acura.
just my 2 cents...hope this helps....good luck
anyone else with experience of leasing?
ok ill look into it, well i owe technically a year and 3 montsh in payments my payments are like 260 a month how would i get someone to buy my car out right? if the lease isnt up yet, would just asking for like 1000 and signing over lease to them would be a good idea???
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