I’m in CA. I’ve had a few cars that I was able to sell the lease to a dealer for more than the buyout cost (one time third party, one time a mercedes dealer). Last I checked, manufacturers were stopping this, and it sounds like Volvo won’t allow it. I know I can I buy the lease out first, I’d only have ten days to transfer before getting hit with sales tax so I don’t want to do that. Has anyone figured out a way to sell a Volvo lease?
What’s it worth among all the bids you can get online?
What do you owe?
The Volvo dealer cannot buy out a Volvo lease unless you purchase or lease another Volvo. Some lady was having a temper tantrum about that when I bought my XC60 last year. The police had to be called ![]()
I’ve been hearing for months that Volvo plans to relax this, but by all accounts still has not.
@maxiedaniels in CA you have 10 days from purchase to resell and be eligible to get the sales tax back, so buying it + a third party buyout MIGHT be a way to maximize any equity, but get all the numbers first and see if it is worth it.
You pay sales tax first, you have 10 days to sell it and apply for a refund.
My dad sold back his car to Volvo, not dealer. We called Volvo FS and told them car was my moms and we cannot afford it. They took it back no issues but we had to pay 1 months payment as part of breaking the lease
So basically a voluntary Repo…hopefully nothing bad on your credit.
Basically exercising the early termination clause in the lease
No. There is a clause in the lease where you can give it back based on market value. I asked VFS 2985839 times to make sure it isn’t a bad thing turning in the car. They assured saying as long I pay the termination fee of whatever amount we agree to and car isn’t in terrible condition, it is fine.
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