Leased car returns

[scarlet knight]

Do you have to return your leased car to the dealership from which you leased it?Or can a different dealership resolve the deal with the original dealer? I ask because I may live in a different state when my lease expires and not that geographically close.

[Zoomerang]

No, you don't have to return it to the same dealership where you got it.

Most dealerships are able to accept lease returns but depending on the car maker, not all dealerships could be setup to receive returns.

I suggest you give a call to the leasing (financing) company so they can tell you which is the closest dealership to you.

[Rrpdc]

Usually you can return to any dealer for that brand. Most leases have a disposition charge but should be detailed in your contract. What brand car?

[Boothroyd]

Given the lack of and margins on used car inventory nationwide, should you have a clean lease return, I would bet any dealer of your brand would be happy to help you.

[crew]

Find out how much they will sell you the car for. My neighbor just bought his lease out and turned around and sold it to Car Max for a significant profit. Car prices are crazy right now.

[Etschell]

Originally Posted by scarlet knight

Do you have to return your leased car to the dealership from which you leased it?Or can a different dealership resolve the deal with the original dealer? I ask because I may live in a different state when my lease expires and not that geographically close.

Take it to carmax first and see what they offer. If it is more than the payoff you can pocket the difference.

[scarlet knight]

Originally Posted by Rrpdc

Usually you can return to any dealer for that brand. Most leases have a disposition charge but should be detailed in your contract. What brand car?

My second Audi. I like them, would not mind another. I have a couple of years to go.

[mountainjogger]

Originally Posted by Etschell

Take it to carmax first and see what they offer. If it is more than the payoff you can pocket the difference.

Exactly.

[wrxdev]

I sold my leased Acura MDX to Carvana and cashed out the positive equity due to the insane used car market. Carvana also paid the disposition fee. You can try Carvana, Vroom, ALGO, Shift, Carmax, etc and see who is the highest bidder. One caveat is certain brands may not allow this, like Nissan or Volvo. But give it a shot.

[Laszlo]

Originally Posted by crew

Find out how much they will sell you the car for. My neighbor just bought his lease out and turned around and sold it to Car Max for a significant profit. Car prices are crazy right now.

Exactly!

[stockae92]

Originally Posted by scarlet knight

Do you have to return your leased car to the dealership from which you leased it?Or can a different dealership resolve the deal with the original dealer? I ask because I may live in a different state when my lease expires and not that geographically close.

Like people said, you can return the car at any of the brand's dealer.

one fun fact, no dealers wanted the car back when I was returning a Fiat 500e a few years back. Most of the Fiat dealer has been closed. And a lot of Chrysler dealers just doesn't want to deal with it. I had to call Fiat and had them arrange a dealer to take the car. LOL

[brandrea]

I didn’t realize this.

Good information all

[scarlet knight]

Thank you, everyone. All my first world inquiries are resolved here.

[wantonebad]

Anyone who has a lease coming to term should be looking at buyout options. Clean lease turn-ins are more often than not worth more than their buyout because of demand, even if they had unfavorable residuals bult in.

Clean = no surcharges for excessive wear and tear or milage overages. People want used SUVs of all makes. The CarMax thing is a good trouble-free way to double check, but you'll make more selling privately.

[Tricolore66]

You’ll need to buy the car from the leasing company first, which means paying sales tax and getting the title. It’s not your car to sell until you do this, it’s the leasing company’s car.

Originally Posted by Etschell

Take it to carmax first and see what they offer. If it is more than the payoff you can pocket the difference.

[Floorguy]

Originally Posted by crew

Find out how much they will sell you the car for. My neighbor just bought his lease out and turned around and sold it to Car Max for a significant profit. Car prices are crazy right now.

1000%!! My brother in law just did that!!

[swils8610]

Ford used to require that leased vehicles be returned to the leasing dealer unless you were 100 miles away. Not sure if that’s still true anymore.


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