Breaking New Car Lease and Pay Off Questions - Desperate For Advice
I have a unique problem. Recently leased an SUV and am somewhat unhappy with car - it has less than 2000 miles on it. I have received a pay off price from the leasing company and here is my question:
Am I better off trying to sell it to one of the company who buys cars OR take it to the dealer of the new car I am interested in and trying to sell it to them? I have received one online offer which is about $2,000 less than the pay off.
Can anyone offer me some advice?
Am I better off trying to sell it to one of the company who buys cars OR take it to the dealer of the new car I am interested in and trying to sell it to them? I have received one online offer which is about $2,000 less than the pay off.
Can anyone offer me some advice?
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You can engage with multiple dealers to see if you can get a better price from one of them, to minimize the hit you'll likely have to take to get rid of the car.
Also, not a unique problem - lots of folks are looking to end their leases early, for whatever reason.
Is it that bad? What model is it? What would you get instead?
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2015 Subaru Outback 3.6R / 2024 Kia Sportage Hybrid SX Prestige
If you are paying off the lease, you'll also have to pay sales tax. Only then, after obtaining title to the vehicle, can you do whatever you want with it.
Of course, paying sales tax will make you that much more in the hole.
US Bank will tell you a lot of things over the phone that just aren't accurate.
Are you in NY or NJ? It's unusual for a Honda dealer to use a 3rd party bank, in most areas of the country.
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Do you have the cash to purchase the vehicle?
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Good luck.
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At least, that's been my experience.
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