I'm finding mixed answers about something related to leases. If I were to want to purchase a person's leased S2000 that is leased through Honda Financial, is it possible? On their website it says, "Can someone else purchase my leased vehicle? We are unable to conduct third-party sales. Your leased vehicle may only be purchased by the original lessee(s) or by a dealer."

However, I've read posts where people on here say that they have sold their leased S2000 in the middle of the lease to a private party.

Please help.

Thanks,

Ryan

 

HELP!

 

Best bet is to contact the bank directly. They are the lien holder and sole owner of the vehicle. The leasee cannot sell the vechile directly so I'm curious as to why he's trying to sell it.

 

I have sold 2 leased vehicles in the past. There is a payoff amount just like any other lease. If I am unable to sell my S during the lease, this is news to me.

 

Too easy, the lease has a payoff, the person leasing the car through Honda can buy it out at any time for the payoff amount. You simply have to pay the lease off and get the title from the seller.

 

Thanks guys. My credit union wouldn't help me with it since it's an out of state lease. Hopefully Wells Fargo is more help.

 

How else would the "leasee" sell the vehicle ...... without ... trying to sell it?

 

dealers buy leases out all the time from people trading in. There is no problem with it.

 

the statement pertains only to lease-end situations. you can sell during the lease to whoever you want as long as the pay off amount gets paid. at lease end (which is after the last payment has been made), only the leasee can buy the car. honda finance corp does not want to get into direct competition with dealers. thats why.

cheers.

 

Appreciate it. The thing I'm confused about now is:

Lets say the seller owes $20k and I'm buying it from him for $18k. He's going to make the payment to get the car down to the agreed price and then Wells Fargo would cut a check for the difference. Are they going to give me the check or send it directly to Honda Finance. Also, is the title going to get mailed from Honda to the seller or to Wells Fargo?