Get Me Out of this Lease!
10/27/04, 08:00 AM
#21
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You CAN Sell a leased vehicle as a trade in to a dealership, but you CANNOT sell it to an individual. At least that is how Honda's lease program works.
However, obviously you could buy it and then sell it if the pay off was less than what you can sell it for.
However, obviously you could buy it and then sell it if the pay off was less than what you can sell it for.
10/27/04, 10:36 AM
#22
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Originally posted by adrenalin@October 26, 2004, 6:40 PM
I financed my vehicle, not a lease. I owe $17,000.00 on it still. I was told that since my vehicle is worth $27,000 at trade in, FORD would pay off what I owe and the difference would be put towards my new stang.
I financed my vehicle, not a lease. I owe $17,000.00 on it still. I was told that since my vehicle is worth $27,000 at trade in, FORD would pay off what I owe and the difference would be put towards my new stang.
lol
10/27/04, 10:37 AM
#23
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Originally posted by ace0215@October 27, 2004, 8:03 AM
You CAN Sell a leased vehicle as a trade in to a dealership, but you CANNOT sell it to an individual. At least that is how Honda's lease program works.
However, obviously you could buy it and then sell it if the pay off was less than what you can sell it for.
You CAN Sell a leased vehicle as a trade in to a dealership, but you CANNOT sell it to an individual. At least that is how Honda's lease program works.
However, obviously you could buy it and then sell it if the pay off was less than what you can sell it for.
so you can sell it it to whoever you want
10/27/04, 10:38 AM
#24
After all these years,
My C/T still sucks!
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Speaking of leasing-
Anyone know how to do a sublease without me getting screwed? My jamaican buddy is in the process of getting his residency, he wants my unloadable alero, but has no SSN yet.
Anyone know how to do a sublease without me getting screwed? My jamaican buddy is in the process of getting his residency, he wants my unloadable alero, but has no SSN yet.
10/27/04, 10:40 AM
#25
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Originally posted by EleanorsMine@October 27, 2004, 10:41 AM
Speaking of leasing-
Anyone know how to do a sublease without me getting screwed? My jamaican buddy is in the process of getting his residency, he wants my unloadable alero, but has no SSN yet.
Speaking of leasing-
Anyone know how to do a sublease without me getting screwed? My jamaican buddy is in the process of getting his residency, he wants my unloadable alero, but has no SSN yet.
10/27/04, 10:41 AM
#26
Originally posted by yellow98cobra.com+October 26, 2004, 7:42 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (yellow98cobra.com @ October 26, 2004, 7:42 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-adrenalin@October 26, 2004, 6:40 PM
I financed my vehicle, not a lease. I owe $17,000.00 on it still. I was told that since my vehicle is worth $27,000 at trade in, FORD would pay off what I owe and the difference would be put towards my new stang.
I financed my vehicle, not a lease. I owe $17,000.00 on it still. I was told that since my vehicle is worth $27,000 at trade in, FORD would pay off what I owe and the difference would be put towards my new stang.
No, my 2003 Jeep Liberty Renegade
10/27/04, 10:42 AM
#27
Originally posted by jcopin+October 27, 2004, 10:39 AM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (jcopin @ October 27, 2004, 10:39 AM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-adrenalin@October 26, 2004, 6:40 PM
I financed my vehicle, not a lease. I owe $17,000.00 on it still. I was told that since my vehicle is worth $27,000 at trade in, FORD would pay off what I owe and the difference would be put towards my new stang.
I financed my vehicle, not a lease. I owe $17,000.00 on it still. I was told that since my vehicle is worth $27,000 at trade in, FORD would pay off what I owe and the difference would be put towards my new stang.
lol [/b][/quote]
You assume too much little grasshopper. I never mentioned which car I was trading in.
10/27/04, 10:44 AM
#28
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Originally posted by AhhDrJones@October 26, 2004, 6:59 PM
is there any way I can get a ford dealership to pay off the remainder of my lease (approx. $2500.00) and get me into a Mustang GT?
is there any way I can get a ford dealership to pay off the remainder of my lease (approx. $2500.00) and get me into a Mustang GT?
The only LOGICAL option is that since you've got to pay ANYways, keep the car until the lease is over. The lease is a contract from Satan himself and you must keep it until it's over. Ok, maybe not Satan, but car salespeople, no less...
10/27/04, 10:52 AM
#29
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My very first lease, which was a 94 ranger splash, I had sold to another buyer before the lease was up. I put it up for sale for the price I wanted. It was a 2 year lease. I got out of the lease about 6 months early and even made an extra $500 on the sale. So yes it is possible to sell a lease, or at least it was 10 years ago.
Jason
Jason
10/27/04, 11:37 AM
#30
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AS FAR AS I KNOW ONLY IF YOU HAVE THE TITLE TO THE CAR DURING THE LEASE YOU CAN SELL IT
WHICH IS ONLY IN NEW YORK BECAUSE FORD DOESNT LEASE THEY DO BALLOON LOANS IN NY WHICH ARE SIMILAR BUT YOU HAVE THE TITLE
there maybe theyl hear that=p
WHICH IS ONLY IN NEW YORK BECAUSE FORD DOESNT LEASE THEY DO BALLOON LOANS IN NY WHICH ARE SIMILAR BUT YOU HAVE THE TITLE
there maybe theyl hear that=p
10/27/04, 02:36 PM
#31
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It depends how old the lease is. The leasing ended in New York earlier this year due to lack of vicarious liability reform in the New York State Assembly. Most all leasing has been eilliminated in NY by all banks and companies. Current programs are more of a balloon loan.
10/27/04, 03:02 PM
#32
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Originally posted by adrenalin@October 27, 2004, 10:44 AM
No, my 2003 Jeep Liberty Renegade
No, my 2003 Jeep Liberty Renegade
My wife's Exploder should be worth 10 grand then. Cool.
(sarcasm for those who don't know me)
10/27/04, 05:48 PM
#33
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I am currently leasing a 2002 Chevy 4x4 Diesel truck. I leased it for 60 months. I have 30 months left on the lease. If I trade it in to the Ford dealership when my mustang arrives the payoff is $31,500.00. The Ford dealership is going to give me $25,000.00 for it. That means I will have to dump $6500.00 on top of my mustang. I don't have a problem with that because my payment on the mustang will still be $175.00 a month less than what I am currently paying for the truck. It can be done it just depends on your financial situation.
10/27/04, 06:12 PM
#34
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Originally posted by RussTKD+October 27, 2004, 5:05 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (RussTKD @ October 27, 2004, 5:05 PM)</td></tr><tr><td id='QUOTE'> <!--QuoteBegin-adrenalin@October 27, 2004, 10:44 AM
No, my 2003 Jeep Liberty Renegade
No, my 2003 Jeep Liberty Renegade
My wife's Exploder should be worth 10 grand then. Cool.
(sarcasm for those who don't know me) [/b][/quote]
Look at his location . . .
The Boss Hog
(think exchange rate . . . . )
10/27/04, 07:23 PM
#35
Originally posted by jcopin@October 27, 2004, 11:40 AM
AS FAR AS I KNOW ONLY IF YOU HAVE THE TITLE TO THE CAR DURING THE LEASE YOU CAN SELL IT
WHICH IS ONLY IN NEW YORK BECAUSE FORD DOESNT LEASE THEY DO BALLOON LOANS IN NY WHICH ARE SIMILAR BUT YOU HAVE THE TITLE
there maybe theyl hear that=p
AS FAR AS I KNOW ONLY IF YOU HAVE THE TITLE TO THE CAR DURING THE LEASE YOU CAN SELL IT
WHICH IS ONLY IN NEW YORK BECAUSE FORD DOESNT LEASE THEY DO BALLOON LOANS IN NY WHICH ARE SIMILAR BUT YOU HAVE THE TITLE
there maybe theyl hear that=p
You DO NOT have the title. Although NY considers you the owner, it works just like any car loan. The bank (Ford Credit) holds the title until you make the last payment.
10/27/04, 09:33 PM
#37
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and yea.. ud have to pay the balloon payment as well to get out of the RCO.. thats just common sense...ur not gonna sell the car for 20K and give ford the remaining lease payments and be done.. that would just be retarded.
you gotta pay the balloon......
and its not fords way of not saying lease
EVERYONE in NEW YORK is doing it
it is not a lease
it is a balloon loan
if the residual is 50%
that means over the 48 months ur only paying the other 50%
then the balloon at the end.. nothing really scary or wierd there
and the balloon is the other 50%..nothing extra nothing crazy
common sense 50 + 50 = 100% not 150 or 120
ive sold em.. i would know
you gotta pay the balloon......
and its not fords way of not saying lease
EVERYONE in NEW YORK is doing it
it is not a lease
it is a balloon loan
if the residual is 50%
that means over the 48 months ur only paying the other 50%
then the balloon at the end.. nothing really scary or wierd there
and the balloon is the other 50%..nothing extra nothing crazy
common sense 50 + 50 = 100% not 150 or 120
ive sold em.. i would know
10/28/04, 08:19 AM
#38
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Originally posted by The Boss Hog+October 27, 2004, 6:15 PM--></div><table border='0' align='center' width='95%' cellpadding='3' cellspacing='1'><tr><td>QUOTE (The Boss Hog @ October 27, 2004, 6:15 PM)</td></tr><tr><td id='QUOTE'>
27G's at trade in on a 2 year old Liberty?
My wife's Exploder should be worth 10 grand then. Cool.
(sarcasm for those who don't know me)
Originally posted by RussTKD@October 27, 2004, 5:05 PM
<!--QuoteBegin-adrenalin
<!--QuoteBegin-adrenalin
@October 27, 2004, 10:44 AM
No, my 2003 Jeep Liberty Renegade
No, my 2003 Jeep Liberty Renegade
27G's at trade in on a 2 year old Liberty?
My wife's Exploder should be worth 10 grand then. Cool.
(sarcasm for those who don't know me)
The Boss Hog
(think exchange rate . . . . ) [/b][/quote]
I'm retarded...
