Car lease ? -- Can I sell my car, and pay off my lease?

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grayspeckledgoose	Car lease ? -- Can I sell my car, and pay off my lease?	Lead	[-]
Posts: 14366 (03/24/2009 11:44 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	So, I lease my car.... 2007 Jeep Patriot. I want out of the lease...I want something with a lower monthly payment. I still have ten months left on the lease. Here's my question: Can I sell my vehicle privately, and then take the money I get from the sale and pay off the remainder of my lease?? Or....no? Err...I guess technically with a lease, I don't own the vehicle, so, maybe I can't do that.... I know you can sell leased vehicles to dealerships, before your lease is done.
Chickhottie09091		#1	[-]
Posts: 20491 (03/24/2009 11:45 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	www.swapalease.com ...getting out of a lease is a bitch
muah		#2	[-]
Posts: 423 (03/24/2009 11:45 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	No you can't sell it, you don't own it! You have to give it back to the dealership.
Chickhottie09091		#3	[-]
Posts: 20492 (03/24/2009 11:46 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	all you can do is get someone to take over the remainder of your lease.
grayspeckledgoose		#4	[-]
Posts: 14367 (03/24/2009 11:47 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	Ahhh this blows Pretty much knew I was stuck. I test drove a new Chevy Malibu the other day, and I loved it. I know I just need to be patient, and wait till next February when my lease is done. There will be used 2009 Malibus then, and I'll be able to get a good deal on one.
Chickhottie09091		#5	[-]
Posts: 20493 (03/24/2009 11:48 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	are the payments really that bad?
grayspeckledgoose		#6	[-]
Posts: 14368 (03/24/2009 11:50 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	$390/month. I consider that "bad," especially for the quality of the vehicle. It's tinny and loud....like riding in an empty soda can. I want to reduce my monthly payments by $100/month.
Chickhottie09091		#7	[-]
Posts: 20495 (03/24/2009 11:50 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	shit I pay $300 a month and thought that was bad.
Mistress Darcy		#8	[-]
Posts: 8321 (03/24/2009 11:53 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	I didn't think those would be that high of a payment!
grayspeckledgoose		#9	[-]
Posts: 14369 (03/24/2009 11:55 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	Yeah, I dunno..... It was around $23,500 when I got it, and I had a trade-in that they gave me [I think] around $3,000 for, and then I used $3,000 cash too (so, total down payment of a little over $6,000). It's a 39-month lease.... Chrysler lets you get out at 36 months, though. I have nooooo idea what kind of interest rate I got. I should look at my lease paperwork.
kerlifries		#10	[-]
Posts: 14206 (03/24/2009 11:57 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	grayspeckledgoose wrote: $390/month. I consider that "bad," especially for the quality of the vehicle. It's tinny and loud....like riding in an empty soda can. I want to reduce my monthly payments by $100/month. wow thats expensive. The Jetta I lease is way less than that and I only put $500 down and had part of my old loan added on, but my lease is longer...maybe thats why
Chickhottie09091		#11	[-]
Posts: 20497 (03/24/2009 11:57 PM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	holy crap i've never heard of that much down payment on a lease. my brother didn't even put that much down for the lease on his bmw
grayspeckledgoose		#12	[-]
Posts: 14370 (03/25/2009 12:00 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	$6000+ down. I dunno. To each their own. I guess my S/O at the time thought it was an o.k. idea. I....just want to get rid of the vehicle, and find something that's a little more stable/sturdy, with a lower monthly payment.
muah		#13	[-]
Posts: 433 (03/25/2009 12:02 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	grayspeckledgoose wrote: Yeah, I dunno..... It was around $23,500 when I got it, and I had a trade-in that they gave me [I think] around $3,000 for, and then I used $3,000 cash too (so, total down payment of a little over $6,000). It's a 39-month lease.... Chrysler lets you get out at 36 months, though. I have nooooo idea what kind of interest rate I got. I should look at my lease paperwork. What did they value the Jeep at, at the end of the 39-month term?
grayspeckledgoose		#14	[-]
Posts: 14371 (03/25/2009 12:03 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	muah wrote: grayspeckledgoose wrote: Yeah, I dunno..... It was around $23,500 when I got it, and I had a trade-in that they gave me [I think] around $3,000 for, and then I used $3,000 cash too (so, total down payment of a little over $6,000). It's a 39-month lease.... Chrysler lets you get out at 36 months, though. I have nooooo idea what kind of interest rate I got. I should look at my lease paperwork. What did they value the Jeep at, at the end of the 39-month term? I'm not sure. I am assuming that is on lease paperwork somewhere? If so, I can look...
muah		#15	[-]
Posts: 434 (03/25/2009 12:04 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	Even if they only valued the Jeep at $10K, your payments should be $192, not $390! I'm confused.
grayspeckledgoose		#16	[-]
Posts: 14372 (03/25/2009 12:05 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	My lease paperwork is in my car, I think (HOPE! )
muah		#17	[-]
Posts: 435 (03/25/2009 12:06 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	It sounds more to me like you bought the car. Are you sure you didn't? Well either way good luck, I hope you get out of it soon and into something you want.
grayspeckledgoose		#18	[-]
Posts: 14373 (03/25/2009 12:06 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	muah wrote: Even if they only valued the Jeep at $10K, your payments should be $192, not $390! I'm confused. I'm confused too. $10K? It wasn't $10,000 when I got it. It was $23,500....with around $6,000 down....which would bring it to $17,500. I know they have a set "value" that you can continue to make payments on, once the lease term is up. I just don't know what that particular number is. It's on my paperwork, which is in my glove box, and I don't want to go outside because it's raining.
grayspeckledgoose		#19	[-]
Posts: 14374 (03/25/2009 12:07 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	muah wrote: It sounds more to me like you bought the car. Are you sure you didn't? Well either way good luck, I hope you get out of it soon and into something you want. Yeah, it's a lease. I know this for a fact, because my "mileage allowance"/year is 10,500. Actually, I only have 17,500 on it...low miles...they'll like seeing that when I bring it back when my lease is done.
emilynyb		#20	[-]
Posts: 7930 (03/25/2009 12:09 AM) Reply Quote More Recent Posts Message Friend Block Invite Ignore	You can't sell it because you don't own it. The best thing to do is try to get someone to take over your lease.

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Car lease ? -- Can I sell my car, and pay off my lease?

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