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Submitted 363 days ago...

christiek

christiek

New User (3)

Currently am leasing a 2006 truck

I am in need of how or if I can refinance this truck or how to sell it out right to someone. Is there a legal way of doing this and how do I go about doing this. The lease is a for another 18 months with an option to buy it or loan it for another 2 yrs.
I am looking to sell the truck or how do I go about having someone else assume the lease.
THank you

 
 
 
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Answer 1 / 3

Submitted 363 days ago...

slb2007

slb2007

Beginner (23)

Well, you can just ask someone to take over payments and if they agree have the person who financed you for the vehicle to finance that person, if there credit isnt bad then they should be approved, but thats alittle harder than your other option, take the truck to different car lots, and you will find a dealer that will take it as a trade in, lets say the truck is 15k, the other dealer will appraise it, and take how ever much they think its worth off the 15k, if thats what your buying it for, then they will let you pick out another vehicle and add the differance to that, for instance, your paying 15,000, the new dealer says its worth 14,000, they subtract 14,000 from the 15 which leaves 1,000, then the new dealer sells you a different truck for 10,000 lets say, they will add the differance making it a total of 11,000,. It sounds complicated but its simple really, and trading it in would allow you to negotiate a monthly payment that is more affordable...good luck

 

Answer 2 / 3

Submitted 363 days ago...

sidelko

sidelko

Brain (3,054)

You can advertise in the paper to get out of it. or else you may be stuck with it.

 

Answer 3 / 3

Submitted 330 days ago...

macoyta65

macoyta65

Beginner (10)

A lease is treated the same as ownership as far as selling. In most cases that is the advantage of leasing. You can sell the car, more than what the residule value is of course. Look on the lease papers it will show what you can buy the car or truck for at the end of the lease or just call or email the leasing company and ask what the payoff is. Once you have the payoff amount sell it for that amount or more depending on the market value.
macoyta65

 
 

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