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PSA! Extending a Toyota lease means youre responsible for
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amother
DarkKhaki


 

Post Thu, Jul 15 2021, 5:11 pm
If you don't need to replace your car, You can sell your leased car (at the end of the lease) to a dealer and make money off of it. Dealers don't pay tax so they save money that way. Cars are in demand, I don't know for how much longer, but call around to different dealers and ask them how much they'll give you for the cars--yes you can actually "sell" the car even though when you're on a lease, you technically don't own the car. Some of the dealers we called tried to outsmart us, but we knew it was worth money so shop around.
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amother
OP


 

Post Thu, Jul 15 2021, 5:29 pm
If you sell when theres a car shortage, like now, what car do you use?
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amother
Canary


 

Post Thu, Jul 15 2021, 5:45 pm
It looks like we will be buy our car at lease end next month for same reason. I live in a place where car is essential.
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HonesttoGod




 
 
    
 

Post Thu, Jul 15 2021, 5:59 pm
amother [ OP ] wrote:
If you sell when theres a car shortage, like now, what car do you use?


You use the money to trade it in for a different car. Or you take any money you made off the sale (small amount) and use that towards a new lease.
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amother
Poinsettia


 

Post Thu, Jul 15 2021, 6:21 pm
amother [ OP ] wrote:
So Ill pay out the $17,000 now, and in 3 years Ill have a 6 year old Toyota that will need repairs.

Why would I want that?


Wait are you really sure you are able to buy your 3 year old lease for $17,000?

If yes, would you willing to let someone else buy it?

I am asking very seriously as I've been looking into it.

If anyone is willing to do this please let know!!
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