Selling A Leased Vehicle...NEED HELP!!

LilCivicKidd · 03-05-2003

I've been backed into a corner and now I turn to you guys/girls for help. I want to sell my civic since I just can't return it. Its so much fun working and fixing these civics up but it just has become a money issue. I have never sold a car let alone a leased one at that. I've listed all that i know of the car below. If anyone could lend some info as far as info needed in selling and as far as getting it out on the market I'd greatly appriciate it!!

2002 RR Civic EX Coupe
Bone Stock
less then 8,000 miles

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Voiceofid · 03-05-2003

i never knew you can sell a leased vehicle [IMG]i/expressions/face-icon-small-confused.gif[/IMG]

JDog2001CivicEX · 03-05-2003

As far as I know you can't sell a leased vehicle unless the person that you are selling it to has a contract with the dealership that you are leasing it through.

03Eclipse · 03-05-2003

I sold mine.... You basically have to either buyout the vehicle (which includes the intrest your financing company will lose) or have someone take over your lease and lease payments - I did the latter .......

LOWBOY · 03-05-2003

Yeah you can. Find out your payoff amount and either
A. Pay it off
B. Have someone buy the vehicle from you in the payoff anount, then pay the creditor
C. Have the next owner continue the lease.

But doublecheck w/ whoever your creditor is, it can be different.

RSX XTC · 03-05-2003

you can not sell a lease. by law your name is not on the title.. american honda lease owns your car.

Ok this might help. my uncle works for american honda finance and unfortunatly i have a lease too. I still have 2 yrs left on my lease, i have paid $8000 for it sofar. my pay off left is 13,000, and book value is only 12,000.... you have to contact AHL and see what is possible. he said to me that i can go get a can choose a honda or acura but this time do do it as a finance. what they do then is they kind of void your lease in a way to call it. the roll your lease over into your finance. So you give them the car and start up with your new one. NO you are not paying for both cars. once you do that its almost as if you never had the civic. im switching mine over to a Acura
RSX...

call and find out what you can do... AHL # 1-800-752-9926

hope its helps alittle

LOWBOY · 03-05-2003

No, you cannot sell a leased car, but you can pay off the lease and sell it, or have someone else take over the lease, thats fine.
I just got out of my leased vehicle 8-9 months ago w/ no problem.
The owners went to Toytota and got their credit approved, in which they took over the lease payments.

chirpin2k2civic · 03-05-2003

lilcivickid, are u going to get a new car? if you are i believe that you can trade in your car instead. Or just borrow money and pay it off and then sell it. you'll save more money like that.

LilCivicKidd · 03-05-2003

what I'm looking to do is have someone take over the payments.....so if i did that how would i list that in the classifieds?

tok · 03-05-2003

the easiest way out is to find someone whose willing to take over your lease payments
for sale by classifieds, u can get information here, or here

alex053 · 03-05-2003

light it on fire.

dragoon · 03-05-2003

Quote:

Quote
[hr]Originally posted by: Alex053
light it on fire.[hr]

i'm with stupid [IMG]i/expressions/laugh2.gif[/IMG] jk

LilCivicKidd · 03-06-2003

thanks tok!