How to Sell a Leased Car - Step by Step Guide
Normally it’s hard to sell a leased car because buying out the lease and any penalties is likely to be more than you’ll get for the vehicle. But if market forces have driven up car prices (like the pandemic-induced car shortage has done), it may be more worth your while than it usually is. Here’s how to sell a leased car in three simple steps:
1. Find out the lease buyout amount and rules: Contact the leasing company and get answers to four questions:
A) Is early lease pay-off an option?
B) Is third-part lease payoff an option?
C) What is the lease payoff amount for you?
D) What is the third-party lease payoff amount?
Ask all four because leasin...