It is not child’s play to sell used automobiles, whether it’s a Benz, Volvo, Peugeot, Skoda or other brand vehicles. Especially not if you have the right to use the car, but he does not legally belong to you. This is especially the case with a financed vehicle or a leasing car.
To sell a leased vehicle, you take a close look at your contract. Early termination is usually not provided since the monthly installments set in the leases are calculated by the down payment, contract term, and depreciation plus interest. This aspect of the contracts has to be considered before you decide to lease a car because this circumstance makes an early sale difficult.
Premature termination of the contract, which you have completed, means for the lessor a loss and is therefore only possible on unfavorable terms for the car user and in special cases. Nevertheless, the lessor naturally has an interest in having a willing and reliable contractor who also reliably pays the lease installments for the vehicle. Under certain conditions, he agrees to transfer the lease agreement to a third party. What exactly these are, must be clarified in each case.
Since purchasing leasing returns (vehicles that have been returned to the leasing company) does not offer attractive terms to a buyer, it may become a problem to find prospects in the used car market who take on current leases. This circumstance can also have a decisive influence on the price negotiations and thus the final sales price.
As soon as you no longer want to use your vehicle or can help you the sales options of wirkaufendeinauto.de while your leasing car for sale. The customer-oriented service team is available to advise you at any time and also takes care of contacting the bank or another lessor. Nevertheless, you should inform the lessor yourself before you lease you car.
Leasing Car Sale – Your Checklist
Before you can sell your lease car, you best take a look at our checklist. So you make sure that you do not forget anything when preparing for the sale:
- Read the fine print in the leasing contract
- Obtain approval from the lessor to terminate or transfer the leased vehicle to a third party
- Estimate the current value of the vehicle
- Looking for a suitable buyer
- Clarify together with the buyer the modalities for the takeover of the lease including payment of the leasing rate
Keep in mind that the conditions for early termination cannot be specified on a flat-rate basis and generally require an agreement with the leasing party. This circumstance also makes it difficult to sell your car to a car dealer. Therefore, it makes sense to clarify the conditions before finding a buyer.
So, as a lessee, deal with this issue before you advertise your car and offer it to a prospective buyer who may be taking over your contract for their remaining term. Otherwise, in the worst case, you will have problems with your lessor, which has to be fixed with a lot of effort.
Selling a lease car is associated with several hurdles. Legally, you are not always entitled to a termination of the contract. Therefore contact your leasing partner and clarify the conditions with him.