What is the process for selling (soon to be) end of lease car through cargurus?

Asked by onlytp Oct 10, 2019 at 03:49 PM

Question type: Car Selling & Trading In

I have listed my car on cargurus, although it doesn't ask whether this is leased
vehicle or not. Since leased vehicle needs specific paperwork to do the title
transfer from the leasing company to the new buyer, I am not sure how the
process works with cargurus to sell a leased vehicle? Does the company
handle the backend paperwork with the leasing company?

5 Answers

339,525

You cannot sell a leased car. When the lease is over you must buy it or turn it in. You are only RENTING this car.

339,525

If you read your lease it will tell you how much you must pay to buy the car.

Thank you for the responses. The residual is low enough to give a little bit of upside if I sell it directly, but paying sales tax twice by buying it first and then selling it would kill the deal. Nissan allows third party buyouts as far as it is managed through a dealership or to a third party like Carmax or Tred. I am trying to understand if cargurus provides the same kind of service or not?

339,525

If this is a Nissan with a CVT just turn the car back in and count yourself lucky to be rid of it. Only the buyer pays the sales tax so you only pay once.

19,260

I'm pretty sure Cargurus does not provide any buyouts.

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