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Drmbns

Steps for selling a leased car

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Hi everyone,

The payoff amount of my current lease is a few thousand under the car's value so I've opted to sell it. Before selling, I wanted to get your expert insights on 1) the possible options and 2) what the step-by-step process might look like to sell third party?

Thank you!

D

 

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Hey there, I found this resource to be super helpful when I was selling my Chevy Cruze. https://www.nerdwallet.com/blog/loans/auto-loans/how-to-sell-your-car-when-you-still-have-a-loan/ The good thing is you're not upside down in your lease. You owe less than the car is worth so that means you'll take home some money. Also, check out Trusted Sale, it's a new startup that allows people to sell their car privately, safely, and often for more money.

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As per my opinion , here are some steps for selling a lease car :- 

1. Transfer Your Lease
2. Sell or Trade the Vehicle
3. Return Vehicle and Pay Penalties
4. Ask Leasing Company for Help
5. Default on the Payment(Pay monthly)

 

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