Selling a leased car
Asked by David Jul 25, 2020 at 08:17 PM about the 2018 Volkswagen Tiguan SE
Question type: Car Selling & Trading In
I have a Volkswagen leased car. I'm
halfway through it. I know the payoff.
I'd like to sell it to someone. But I have
been told that only I can buy it or a car
dealer. Volkswagen doesn't deal with
third parties. I'm not sure I fully
understand that. Why can't a individual
write me a check and then I turn
around and write VW a check??? I
would like to put my car on your site
for a sale. Want to make sure I can sell
it first.
4 Answers
You have no equity in the car, you are renting it. If you want to get out of the lease read the lease to see what options you have.
You may be confusing terms. There is the residual value at the end of the lease. If you pay this you own the car. Then there is the lease payoff which would get you out of the lease but without the car.
You can't sell something you don't own. When you lease a vehicle it's owned by the leasing company, not you. Hope that helps! Jim
You can have someone else pick up your lease payment and terms , check out a site called swapalease.com
