Trace Company Lease For Free
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Can someone else return my leased car?
In theory, you should be able to return the leased vehicle to any dealership of the same brand. ... If you want the smoothest experience, go to the same dealership from which you bought the car. If you've moved or the dealership is no longer in business, you'll obviously have to choose another one.
Can someone else purchase my leased vehicle?
Your leased vehicle may only be purchased by the original lessee(s) or by a dealer. ... Your leased vehicle may only be purchased by the original lessee(s) or by a dealer.
Can you buy someone else's leased car?
Basically the original person who leased the car is going to transfer the vehicle and its lease to another individual. There are benefits on both sides. In the case an individual doesn't want to join other lease busters and assume the lease, they do have the option to buy the vehicle from the lease swap process.
Can a family member buy your leased car?
Sell your leased car to a neighbor, friend or family member. This method requires a bit of trust, so it helps to sell your car to someone you know. But this will work with any buyer you find, and it will get you the private-party price for the car, which is higher than the trade-in price dealers pay.
Can I sell my car lease to another person?
You can sell your vehicle back to the dealership you leased it from, or you can sell it to another dealership. ... The dealer will charge you a disposition fee for taking the car back. If that fee, plus the residual value, is more than the trade-in offer, you can roll the remaining payoff amount into a new lease.
How do I get out of a car lease for someone else?
Usually, the only way to get someone else's name off a lease or loan is to buy out (pay off) the loan/lease and secure a new loan or lease. This can be expensive for you. You can also trade in your current vehicle on a new one. That terminates your current lease and starts a new one in your name only.
Can you return a leased car to a different dealer?
Every leased car must be returned by the lease termination date on the contract. The vehicle can be returned to any dealer of the same brand. (If you are using Intelligent for your new vehicle you can just return your current leased car to us.)
What happens when you return a leased car?
If you can afford to buy out your lease, you have the option to return your leased car to the dealership. Provided you pay the difference between the amount you have paid to date and the amount you owe for the remainder of the lease, your credit will not suffer when you return the vehicle.
Do you get money back when returning a leased car?
When you return a car that is worth more than the residual, without negotiating a higher price, dealers make money that should be in your pocket. ... You may get more back at the end of the lease, but you will have spent extra money over the course of the contract to get the cash back at the end.
Can you return a car you just leased?
Leasing is not renting, so it's impossible to simply return your car and walk away from a lease. ... The lease finance company looks at the sum of all your remaining payments, minus tax and finance charges, and deducts the realized value of the car, which is the value of the car at wholesale car auction.
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