Looking to get out of my lease

[dpas1973 0]

I have a 2013 ford edge limited silver with 1.5 years left in the lease I put 7 k down to lease it I'm looking for someone to take over my lease or buy the vehicle out. My payments are 355 a month.

[Respect2A 0]

Buy it. Sell it.

[dpas1973 0]

Not that easy don't want it anymore can't sell it cause it's a lease and I don't own it. I want to just do a lease transfer if I can find someone that wants it lol.

[Howard 538]

There are many outfits on the web that will buy leased cars outright from you, don't know what price you might get though.

[mikeyjones 88]

Swapalease.com you can list it there and see if you get any bites

 

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[Bellasdaddy 31]

Not that easy don't want it anymore can't sell it cause it's a lease and I don't own it. I want to just do a lease transfer if I can find someone that wants it lol.[/quote

 

Respect2a was suggesting that you buy out your own lease and then sell it. I have done this a few times near the end of my leases so that I would not have to pay over-mileage and wear/tear fees.

 

What is the value of the vehicle and how much do you "owe?"

 

Despite it being a lease there is still payoff amount. And, the good news is, you paid the taxes up front so when you pay off the vehicle you will not owe sales tax.

[MartyZ 696]

You can sell a leased car, I have done it myself.  You don't have to buy it first.  One caveat though is that you can't sell it on the street, you would have to go to a dealer or a company that provides the service.

[mikeyjones 88]

Not that easy don't want it anymore can't sell it cause it's a lease and I don't own it. I want to just do a lease transfer if I can find someone that wants it lol.[/quote

 

Respect2a was suggesting that you buy out your own lease and then sell it. I have done this a few times near the end of my leases so that I would not have to pay over-mileage and wear/tear fees.

 

What is the value of the vehicle and how much do you "owe?"

 

Despite it being a lease there is still payoff amount. And, the good news is, you paid the taxes up front so when you pay off the vehicle you will not owe sales tax.

 

 

You only paid taxes on the lease amount. You would owe taxes on the residual value.

 

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[dpas1973 0]

I still have 16 months left and the buy out is 30,500 I just listed it on swap lease I just need to get out of it.

[67gtonut 847]

ame="Bellasdaddy" post="912073" timestamp="1411057145"]

 

 

You only paid taxes on the lease amount. You would owe taxes on the residual value.

 

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Correct....  

[mipafox 438]

If you use those online services you will end up with Craigslist people. Usually they violate you with Crimes of Unnatural Acts and put you in the trunk and cross a bunch of state lines.