Talk of The Villages Florida - View Single Post - Selling Leased Car Back to the Dealer
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Old 11-07-2021, 02:59 PM
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Almost without question your car is worth more than your lease buyout price. If you buyout the lease and then sell the car privately you would maximize your profit.

Another alternative is to approach a dealer to buyout your lease. In that case, the dealer would enjoy all the profit from selling your car for much more than the buyout price. Any dealer would jump at the chance of doing that.

A third alternative is to approach a dealer and offer him the right to buyout your lease under the condition that he split the profit with you. Pick the percentage of the split, but 50-50 would be fair. The dealer might want you to use your portion of the profit to buy another car from him, but you can demand your portion of the split be paid in cash.

Remember, you’re in the driver’s seat in this negotiation. You can always revert to buying out your lease and putting an ad in the paper. Your car will sell quickly.
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