Our loaded 2019 Land Rover Discovery HSE Lux Td6 only has about 8 months left on the lease, so if it can’t be done or is too much of a pain to do it’s not the end of the world. But my wife’s never been a huge fan of the vehicle so if we can get out of it early we’d take it. JLR does not allow lease swaps, so either:
a) I’d have to buy it out myself and flip it to the 3rd party
OR
b) if JLR allows 3rd party buy-out they could buy it directly
Anyone know whether b) is possible, and either way any implications (tax or otherwise) I need to be aware of if we do this?
Not really looking to make money on the deal, just to walk away so she can get a different vehicle.
Thanks. It’s Chase. Do they typically allow direct 3rd party buyout? That seems like it’d be the easier way to go.
Current buyout is something like $58k. I have a private party who may be interested at that price. Sticker was $79k (as I said: loaded). Sale price was 5% off, base MF, etc. so my payment is $832.
I’m less than 2 months from lease end. Carvana is offering 7k over my residual. I received lease buyout from Chase, hopefully Carvana can buy out from Chase/Land Rover.
I’m in a similar situation. So Chase did say they would allow 3rd party buyout? Was the retailer buyout amount different from your buyout amount? Thanks.
Carvana won’t buy lease end cars with less than 60 days maturity date. I’m contacting Land Rover Financial to extend my lease for 2 more months.
Don’t have the answers of your questions yet, I will need to take chances to find out.
I extended my land rover lease by 6 months. Still in the process to see if that will help Carvana buy out the car. (originally maturity is in 3 weeks). Will let you know what happens