How To Sell Your Way Out of a Car Lease . . . Or Can You?

Hello Tony,

I am 27 months into my 39 month lease of a 2005 Nissan Altima 2.5 S. To be honest, I no longer want the car as I no longer see the value in it, and would like to get out of my lease.

I have read here and there that it is possible to sell my lease and maybe get some money from it (true market value vs. residual value). How can I sell this car which I am leasing? Would a used car dealership be interested in purchasing the car (not as a trade in as I do not want another car)? Is there anything I should be aware of? Anything I should know?

Thank You . . .

Jorge

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Hi Jorge,

What you have to do is to contact whoever the car is leased through and ask for the buyout amount. This is the amount you will have to pay to own the car outright. This is what will have to be paid off if you find a buyer for the car.

I think you'll find that the buyout will be a lot higher than what you can realistically sell the car for. You'll never get enough money from a car dealer, because they will only pay you wholesale value for the car. The only shot you have is to find a private buyer for the car. It's a real long shot though!

It's very rare for someone be able to sell their way out of a lease and come out even or ahead of the game. Very rare indeed!

All my very best to you . . .

Tony Iorio
http://www.InsiderCarSecrets.com
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