Automobile

How Do I Sell My Leased Car to a Third Party? | MotorBiscuit

If you’re currently leasing a car and want to get out of it early, you have some options. You can turn the car back into the dealership and pay the early termination fees to get it off your hands or you can sell it to a third party person or dealership. But if you wanted to go that route, how would you go about it?

Selling your leased car to a private party

If you want to get out of your lease early, then the first thing you should do is look up the payoff amount with the leasing company it’s under. The leasing company will be able to tell you how much is currently owed on the car if you wanted to buy it outright. After finding out that amount, you’ll want to make sure that the amount that you owe is less than the car’s overall value.

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