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 you can sell to any buyer you find, and it will get you the private-party price for the car, which is higher than the trade-in price that dealers pay.
Can a third party buyout a lease?
However, if your leased vehicle is worth more than the lease buyout amount, you can typically sell it to a third party or another dealer and then pay off your leasing company. ... That dealer can sell it for $31,000 and take the $4,000 profit.29 jul 2021
What happens when I sell my leased car?
At lease end, the customer takes the vehicle back to the dealer. The lease contract gives the customer the option—but not the obligation—to buy the vehicle at lease end for a specific value that's stated in the contract. The payoff amount is that so-called residual value, plus fees, if any.4 oct 2021