I sold my lease car I can get a rebate if I still own it will the dealer know

Asked by Guru986T6D May 27, 2022 at 07:57 PM about the 2021 Buick Encore GX Preferred FWD

Question type: General

I can get a rebate if I still have a lease car. I dont have the car anymore but I do
have the old lease paperwork will the dealer find out

6 Answers

2,920

I'm sure once you turned the vehicle into the dealer you are not entitled to any rebate if it is associated with that vehicle. Maybe you will get a good lease price on a new vehicle? All questions like this you should be asking the dealer lease agent you are working with. We wouldn't know of the specifics to your particular lease.

1 people found this helpful.

I sold my car to a different dealer but still have the registration and original paperwork from out fo state. Now I go to lease a car to get a rebate and they say do you have a lease car. I show them the paperwork. Do they check to see if I still own the car. How what do they do to find out and also being out of state. Or do they just accept the paperwork as proof.

157,825

When you can't produce the vehicle, they'll find out!! Also, you don't own a leased vehicle. You're renting the vehicle! You can't sell a leased vehicle either! I hope you have bail money!! Jim

You can sell any leased vehicle as long its by the same make manufacture anywhere. but not to a different car make manufacturer dealer. You dont have to produce the car only the paperwork when you purchased and registration.Thanks anyway but I need a pro answer.

157,825

Perhaps you're getting your terms mixed up. A leased vehicle is one that you are renting for the time period of the lease, usually three years. When the lease is done, after the three years, you turn the vehicle in to the Dealer and either walk away, lease another vehicle, or buy the vehicle you were leasing. Since you do not own the vehicle you can not sell the vehicle. The leasing company owns the vehicle, not you. A vehicle that you have bought and are making payments on is owned by you and can be sold by you. The finance company paid for the vehicle and holds the title until you pay them back with interest for the use of their money. Once paid you get the title to the financed vehicle. On a leased vehicle you don't get the title to the vehicle when the lease is done because you never bought the vehicle to begin with. Jim

1 people found this helpful.

You can sell a lease vehicle anytime you want you dont need to wait for your time period of lets say 3 years. Just call a dealer he will tell you the same thing. The 1 stipulation is if you buy lets say a Ford you can only sell it to a any Ford dealer. Two years ago if you had that Ford you could sell it to anybody and any make dealer. Thanks for the info it seems they we got away from the questions which is ok. But now you know if you have a lease vehicle you can sell it anytime you dont have to wait.Buy a Ford you can sell it to a Ford dealer only. Buy a Chevy you can only sell it to any Chevy dealer. Good info.

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