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.

 

on a 97 mustang GT?

lol

 

in NY you get the title to your lease..its more of a balloon loan than a lease


so you can sell it it to whoever you want

 

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.

 

il tell you if u send me a beef patty =p

 

Are you refering to your 97 GT as being worth 27000? [/b][/quote]
No, my 2003 Jeep Liberty Renegade

 

on a 97 mustang GT?

lol [/b][/quote]
You assume too much little grasshopper. I never mentioned which car I was trading in.

 

Someone mentioned it and they are correct -- just pay off your lease early (hey, the dealer won't do it for free).

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...

 

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

 

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

 

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.

 

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)

 

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.

 

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) [/b][/quote]
Look at his location . . .

The Boss Hog
(think exchange rate . . . . )

 

Yea, but the way out of the RCO program (Ford's name for the baloon payment faux lease) is to write a check to Ford for ALL your remaining payments including the baloon payment.


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.

 

i put my sister in a RCO on a 2003 mustang and .. let me tell you.. the title is about 12 feet from me

sooo

the OLD LEASE ford had the title.. the new RCO you have it

 

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

 

Look at his location . . .

The Boss Hog
(think exchange rate . . . . ) [/b][/quote]



I'm retarded...