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SVTPerformance's Chain of Restaurants
Road Side Pub
Question for anyone who's sold a car that's a lease, before lease was over
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<blockquote data-quote="DAVESVT2000" data-source="post: 4742570" data-attributes="member: 3099"><p>You can buy out a lease at any time if you really like the vehicle. </p><p>You can also sell a lease at any time, for the payoff according to the Lessor. If you sell it for more than the payoff, you get the profit. A few years ago I sold a Ford Escape before the lease was up, casue I no longer needed the vehicle, but did not want to turn it in early and pay a penalty. The Ford dealer took care of all the paperwork between me and the buyer, I never even had to bring the car to the dealer. When we finished the paperwork, the buyer went to the DMV, and then came to my house and put the plates on and drove away. BTW in this case I sold the car for the payoff, made no profit on it, but that was fine with me, I just wanted out of the lease.</p></blockquote><p></p>
[QUOTE="DAVESVT2000, post: 4742570, member: 3099"] You can buy out a lease at any time if you really like the vehicle. You can also sell a lease at any time, for the payoff according to the Lessor. If you sell it for more than the payoff, you get the profit. A few years ago I sold a Ford Escape before the lease was up, casue I no longer needed the vehicle, but did not want to turn it in early and pay a penalty. The Ford dealer took care of all the paperwork between me and the buyer, I never even had to bring the car to the dealer. When we finished the paperwork, the buyer went to the DMV, and then came to my house and put the plates on and drove away. BTW in this case I sold the car for the payoff, made no profit on it, but that was fine with me, I just wanted out of the lease. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Question for anyone who's sold a car that's a lease, before lease was over
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