I made an offer for a vehicle on CarGurus and it was accepted. The seller has the vehicle on a lease and he will need to contribute money to satisfy the lease when I purchase it. How do we handle this transfer to make sure I am protected?

Asked by GuruHTMN1 Jul 11, 2019 at 02:02 PM about the 2017 Jeep Wrangler Sport 4WD

Question type: Car Selling & Trading In

How is the transfer handled when the seller has it leased and there is a payoff greater than the purchase price?

1 Answer

40,150

Don't go through with the transaction if in fact it is a lease. A lease is a rental agreement and the lessee does not own the vehicle. If the buyer has a loan and is paying on it still, then you can perform the transaction at the buyers loan office to make sure you get the title mailed to you.

Your Answer:

CarGurus Experts

  • #1
    Mathew Wooldridge
    Reputation
    1,470
  • #2
    djtm0500
    Reputation
    1,280
  • #3
    Nickjeep
    Reputation
    1,250
View All

Find great deals from top-rated dealers

Search

Related Models For Sale

Used Jeep Grand Cherokee
117 Great Deals out of 3,534 listings starting at $4,950
Used Ford F-150
325 Great Deals out of 13,693 listings starting at $3,800
Used Toyota Tacoma
43 Great Deals out of 730 listings starting at $9,975
Used Toyota 4Runner
21 Great Deals out of 539 listings starting at $7,700
Used Chevrolet Silverado 1500
204 Great Deals out of 8,074 listings starting at $3,000
Used Ford Mustang
39 Great Deals out of 1,657 listings starting at $7,999
Used RAM 1500
530 Great Deals out of 20,713 listings starting at $3,500
Used Dodge Charger
28 Great Deals out of 900 listings starting at $5,995
Used Dodge Challenger
28 Great Deals out of 778 listings starting at $12,979
Used Toyota Tundra
47 Great Deals out of 984 listings starting at $9,992
Used Chevrolet Camaro
17 Great Deals out of 463 listings starting at $11,749
Used Chevrolet Corvette
20 Great Deals out of 707 listings starting at $10,989

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.