In your experience, what is the best way to do it? Its a lease and I STOLE it, so I'm not worried about being upside down. I just don't get to drive the car and its an awfully expensive ride to the country club a couple times a month.

Advice is appreciated.

 

First, get the "buy out" price from the leasing company. Second, compare the lease buyout with the wholesale and retail value of the car. Then you can decide if it's worth while. If it's not a wholesale buy out you will have a tough time moving it and a dealer will only be interested in buying it at price he can make money. If the dealer "certifies" the car it will go up in price about 2k. Look at the numbers closely, it's only rare occurrences you can get out of a lease clean. You can also look at swap a lease and places like that which is a market place to find people looking for a lease take over. Good luck.

 

Considered Swap A Lease but it KILLS me.

Ive got a C4S with 3000 miles on it and it is cheaper than any of the consumer leases currently available.

 

If your lease is lower payments than what is available elsewhere, then you may be able to get some cash up front for the lease swap. Basically they take over the lease and they have to pay you the security deposit plus some extra.

You can also offer it to people here. Someone may be interested. What's the deal?

 

The car had a sticker of over $125,000. Sport chrono and all the right options. I had PSE installed at the dealer. It has 3000 miles on it, I've had it for a year. Can't remember it it's a 30 or 36 month lease, but I have 7500 miles per year allowable. The payment is under 1200 per month through PFS.

It was my intention to keep it, but it just seems pointless to keep it corralled.

 

You can't get off lease even with an assignment. You will still be on the hook. Tread carefully. Just sell it....

 

just drive it more!

The only thing I use mine for is driving to the airport once a week for my 4 day trips.

 

My wife and I carpool and we have 3 kids under 10.

Wait, I may have just found the problem...

 

Is it a PDK or stick? Did you find out the payoff? Where is the car located?

 

PDK. I did not. Oklahoma City.

 

I'll bet you a dollar that even though you "stole it" it's still worth a heck of a lot less than your payoff. Unfortunately, that's the math of selling a one year-old car. BTDT.

 

Typically this is true... my buyout is less than the ask on any similar C4S that I can find for sale on the internet.

 

That's great. Of course, we all know about asking prices.

To answer your original Q: the best way is to just trade it in. That's the easiest, by far. If you want to maximize your money, you need to sell it yourself. To do that, you'll need to first buy the car from the leasing company. Depending on your state, you'll need to pay sales tax on the purchase and get a new title. Then you can sell it. It's a PITA and it's very difficult to sell a one or two year-old car. BDTD, AMHIK, etc. Hence my original statement - just trade it in or sell it back to the dealer.

 

Ok so, Michael S above was correct...

PFS allows transfers but keeps the original lessor as a second on the lease. Sounds like a terrible idea.

 

Don't forget the rep points

I would not steer you wrong. I only post info that I know to be factual.