Car Lease take over Master Thread

[Shmulie]

Looking to buyout a minivan or 7-8 passenger SUV

My sister has a 2019 Chrysler Pacifica about 15,000 miles, exterior needs minor work, runs fine, new battery within last 6 months, new brakes changed about a year ago, all 4 tires changed within the past year - located in 5T looking for 33k

[WonderingYid]

I would not touch a Pacifica with a 10 foot pole.

[Yosel]

i have 2015 Kia Sedona 69000 miles 8 seats in Brooklyn (includes all the standard Boro park scratches etc.) otherwise clean and in excellent condition, very smooth drive.
how much $$$ can i get for it?
and where would be my best bet?

[avromie7]

i have 2015 Kia Sedona 69000 miles 8 seats in Brooklyn (includes all the standard Boro park scratches etc.) otherwise clean and in excellent condition, very smooth drive.
how much $$$ can i get for it?
and where would be my best bet?

Start by getting quotes from Carvana, Vroom, and Algo. Use their quotes as a floor price, if no one is willing to pay more you can always fall back on them. Then you can try to sell it privately or sell to a frum broker like Alliance Auto Leasing https://www.allianceal.com/ or a local used car dealer. If you're planning to buy another car, you can trade it in to reduce the sales tax you pay on the new car.

[WonderingYid]

i have 2015 Kia Sedona 69000 miles 8 seats in Brooklyn (includes all the standard Boro park scratches etc.) otherwise clean and in excellent condition, very smooth drive.
how much $$$ can i get for it?
and where would be my best bet?

https://forum.leasehackr.com/t/list-of-places-to-sell-or-value-your-car-online/396451

Start getting offers.

[sorotzkin9]

Looking to buyout a lease of either a camry accord or avalon or similar pls pm with any leads

[elazarmn]

Looking to buyout a lease of either a camry accord or avalon or similar pls pm with any leads

unless someone is doing you a huge favor, why would they sell YOU the car and forgo the buyout prices from the car companies?

[JMHO]

unless someone is doing you a huge favor, why would they sell YOU the car and forgo the buyout prices from the car companies?

Why are you assuming he's looking for a huge favor?

[elazarmn]

Why are you assuming he's looking for a huge favor?

since anyone coming out of a lease is being offered a few thousand to buy their lease, essentially they have something that they can sell it for more money, i hold that by not telling people the true value is not truthful. If you ask what about the buyer that is looking for the deal of buying the car, i think he's in a different position. To start with the buyer is in a bad market but the guy whose lease is up and has the car to sell gives him the option to "make money" on his selloff and afford the new inventory 

[JMHO]

since anyone coming out of a lease is being offered a few thousand to buy their lease, essentially they have something that they can sell it for more money, i hold that by not telling people the true value is not truthful. If you ask what about the buyer that is looking for the deal of buying the car, i think he's in a different position. To start with the buyer is in a bad market but the guy whose lease is up and has the car to sell gives him the option to "make money" on his selloff and afford the new inventory

Why are you assuming that he's looking to pay below market pricing?

[elazarmn]

Why are you assuming that he's looking to pay below market pricing?

Good question, the only assumption is because the jewish places ive seen selling lease buyouts are selling them for the market offer price. The many non jewish places are above that point

[joe1234]

I have a lease that is ending and have a relative that wants to take the car. Do I need to buy it first (Toyota) if he wants to finance? Is it a complicated process?

[ckmk47]

I have a lease that is ending and have a relative that wants to take the car. Do I need to buy it first (Toyota) if he wants to finance? Is it a complicated process?

A friend's lease is ending and I want to take the car.
When he buys it from Honda, and then registers it in his name, he pays sales tax.  Then if I buy it from him, I pay sales tax again.
How can we structure this to only pay sales tax once?

[avromie7]

A friend's lease is ending and I want to take the car.
When he buys it from Honda, and then registers it in his name, he pays sales tax.  Then if I buy it from him, I pay sales tax again.
How can we structure this to only pay sales tax once?

I think you need to find a dealer that will allow a third-party buyout.

[ckmk47]

I think you need to find a dealer that will allow a third-party buyout.

I don't have time now to read the thread, can you give me a few word tutorial?
The lease holder can switch dealers to an amenable one and then let me buy it out?

[yeshivabucher]

I don't have time now to read the thread, can you give me a few word tutorial?
The lease holder can switch dealers to an amenable one and then let me buy it out?

any honda dealer can do it you just need to find one that will (might have to throw in a couple hundred dollar tip to encourage them)

[avromie7]

I don't have time now to read the thread, can you give me a few word tutorial?
The lease holder can switch dealers to an amenable one and then let me buy it out?

FWIU, any Honda dealer can buy it out and they can then sell it to anyone else at any price. You need to find a dealer who will be willing to resell it to you at the buyout price and maybe add a small fee for their service.

[ckmk47]

any honda dealer can do it you just need to find one that will (might have to throw in a couple hundred dollar tip to encourage them)

FWIU, any Honda dealer can buy it out and they can then sell it to anyone else at any price. You need to find a dealer who will be willing to resell it to you at the buyout price and maybe add a small fee for their service.

Thanks.  Making phone calls.

[WonderingYid]

any honda dealer can do it you just need to find one that will (might have to throw in a couple hundred dollar tip to encourage them)

Usually in the form of an warranty.

[yeshivabucher]

Usually in the form of an warranty.

they take cash on the side too 🙃