# Selling the leased car

**URL:** <https://community.cartalk.com/t/selling-the-leased-car/176569>\
**Category:** Buying/Selling\
**Created:** [May 5, 2021, 4:53am UTC](https://community.cartalk.com/t/selling-the-leased-car/176569 "2021-05-05T04:53:44Z")\
**Posts on this page:** 9\
**Page:** 2

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**Author:** ![wolyrobb](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/wolyrobb/32/45497_2.png) [@wolyrobb](https://community.cartalk.com/u/wolyrobb)\
**Post date:** [May 6, 2021, 5:19am UTC](https://community.cartalk.com/t/selling-the-leased-car/176569/21 "2021-05-06T05:19:30Z")

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Looks like Carvana will check out the car before handing over any check, similar to how they have the buyer look over the car before agreeing to keep it or not. They’ll need the payoff amount but it appears that they buy out leased cars all the time.

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**Author:** ![Barkydog](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/barkydog/32/2470_2.png) [@Barkydog](https://community.cartalk.com/u/Barkydog)\
**Post date:** [May 6, 2021, 7:25am UTC](https://community.cartalk.com/t/selling-the-leased-car/176569/22 "2021-05-06T07:25:57Z")

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I bought my 2017 out after lease, 17900, similar cars were last year and this year for mileage could go for 22k, but then I would have to buy another car, don’t want to deal with it myself.

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**Author:** ![Cavell](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/cavell/32/43396_2.png) [@Cavell](https://community.cartalk.com/u/Cavell)\
**Post date:** [May 6, 2021, 1:01pm UTC](https://community.cartalk.com/t/selling-the-leased-car/176569/23 "2021-05-06T13:01:31Z")

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OP should have it listed for sale now. Let’s see if they get any offers. Then he will have verification of its current value.  
I should sell my 2020 vette and see what offers I get.

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**Author:** ![shadowfax](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/shadowfax/32/13026_2.png) [@shadowfax](https://community.cartalk.com/u/shadowfax)\
**Post date:** [May 6, 2021, 3:00pm UTC](https://community.cartalk.com/t/selling-the-leased-car/176569/24 "2021-05-06T15:00:51Z")

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> [@Cavell](#):
>
> If you think it’s worth 50k then sell it yourself.

We need to remember that we are talking about a leased car. Which is another term for a rental car, just with a longer term.

If you rent a house, and then sell it out from under the owner, you go to prison, or get sued, or both. Expect similar treatment if you sell a car that you leased.

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**Author:** ![VOLVO-V70](https://avatars.discourse-cdn.com/v4/letter/v/8e8cbc/32.png) [@VOLVO-V70](https://community.cartalk.com/u/VOLVO-V70)\
**Post date:** [May 6, 2021, 3:10pm UTC](https://community.cartalk.com/t/selling-the-leased-car/176569/25 "2021-05-06T15:10:04Z")

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If I see a less than 2 year old vehicle for sale by owner then find out it is a lease 2 things will happen . 1. I will assume there is something wrong with it . 2. I am not going to the trouble to make sure the transaction is approved by the leasing company . Both things will make me look elsewhere.

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**Author:** ![texases](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/texases/32/862_2.png) [@texases](https://community.cartalk.com/u/texases)\
**Post date:** [May 6, 2021, 3:35pm UTC](https://community.cartalk.com/t/selling-the-leased-car/176569/26 "2021-05-06T15:35:40Z")

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> [@Ben-C](#):
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> But anyways, I just found my lease agreement. It shows that the purchase option at the end of the lease will be $36000. As of today, I still have 20 payments or $12000 remaining. So $12000 payoff + the purchase option price $36000, the total cash buyout price should be $48000, right?

The only way to confirm this is to call the leasing company, explain your plans, and ask them for the total cost today, and for the procedure on how to do it.

More info here:  
[4 Ways to End Your Car Lease Early - NerdWallet](https://www.nerdwallet.com/article/loans/auto-loans/4-ways-to-end-your-car-lease-early)

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**Author:** ![Champ31957](https://avatars.discourse-cdn.com/v4/letter/c/87869e/32.png) [@Champ31957](https://community.cartalk.com/u/Champ31957)\
**Post date:** [May 10, 2021, 12:31am UTC](https://community.cartalk.com/t/selling-the-leased-car/176569/27 "2021-05-10T00:31:11Z")

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That’s only the lease buyout. At the end of the lease they get the car. If you’re going to sell the car, you have to think lease buyout plus the value of the car.

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**Author:** ![PvtPublic](https://sea1.discourse-cdn.com/cartalk/user_avatar/community.cartalk.com/pvtpublic/32/13089_2.png) [@PvtPublic](https://community.cartalk.com/u/PvtPublic)\
**Post date:** [May 10, 2021, 8:26am UTC](https://community.cartalk.com/t/selling-the-leased-car/176569/28 "2021-05-10T08:26:47Z")

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> [@Champ31957](#):
>
> you have to think lease buyout plus the value of the car.

Duh. That’s what they have been discussing for the last week.

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**Author:** ![TXdealer](https://avatars.discourse-cdn.com/v4/letter/t/50afbb/32.png) [@TXdealer](https://community.cartalk.com/u/TXdealer)\
**Post date:** [July 14, 2021, 1:18am UTC](https://community.cartalk.com/t/selling-the-leased-car/176569/29 "2021-07-14T01:18:57Z")

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An update on this topic. Many manufacturers have changed their policies and are only allowing the customer to purchase the car outright or return it. They are not allowing sales to third parties, at least until the used car market returns to a normal state.

[Previous page](https://community.cartalk.com/t/selling-the-leased-car/176569.md?page=1)
