E-Class (W211) 2003-2009

Can you sell car?

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Old Feb 24, 2004 | 10:50 AM
  #1  
HollaBack's Avatar
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From: West Hell
Air Force 1s
Can you sell car?

Can you sell a car that you are leasing and then just pay the company the money left on the car? Wondering about selling my BMW.
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Old Feb 24, 2004 | 11:25 AM
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DWP
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From: Sacramento
'08 AM Vantage V8 - '03 E500
Not to be unhelpful, but you're asking the wrong people. Ask the company you are leasing from. On the face of it, selling something you don't own seems ... dubious, but who am I to say, since I've never leased a car?
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Old Feb 24, 2004 | 01:19 PM
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JimPurdy's Avatar
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From: Mansfield, TX
11 ML350W2 / 17 GLC300
In Texas, you need to have the Title or the buyer must be able to assume the note for you to be able to sell the car. I would assume that most states would have similar laws.
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Old Feb 24, 2004 | 03:11 PM
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From: Los Angeles
2003 CLK430 Cabriolet
i've sold a few leased cars to private parties.
it just takes a couple extra steps of paperwork but it's not difficult.
just call to get your payoff from the leasing company (as you would like any normal auto loan) and, if you want,they can mail you the payoff forms and walk you through it. it's pretty much the same procedure as if you had a bank loan on the car.
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Old Feb 24, 2004 | 04:01 PM
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From: Long Island, NY USA
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white trash is correct
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