LEASE

Asked by GuruBCKLN Dec 28, 2018 at 03:51 PM about the 2016 Honda Odyssey Touring Elite FWD

Question type: Car Selling & Trading In

IF MY LEASE TERMINATES ON JAN 19 BUT TRYING SELL BEFORE CAN I TERMIANTE IF NOT SOLD

8 Answers

F_O_R answered 5 years ago

You can't sell a leased car legally. Since you only have 3 weeks left on the lease why not let it run out?

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F_O_R answered 5 years ago

This would be a felony. You don't own the car, you are renting it. Read your lease dude!

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F_O_R answered 5 years ago

You will have to pay the piper in a few weeks. I would find out what you will owe ahead of time so that you can come up with the money to pay it off.

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GuruBCPF8 answered 5 years ago

Your lease contract should clearly state that you have power of attorney to sell or buy the vehicle at the end of the lease term All AHFC is concerned about is that they receive their "residual value " and any lease termination fees in a timely manner.

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F_O_R answered 5 years ago

At the end of the lease you have ZERO equity in the car and the title is NOT in your name. You can choose to buy it at the residual value stated in the lease. You can't sell a rental (leased) car!

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