I have a Toyota Tacoma that I lease. I still have a few months on it. But I’ve been going back and forth about buying it out. So I’ve thought of a few options, so any feedback would be appreciated. Get a loan from my credit union and buy it out now? 2.Buy out the truck and sell it and with the cr…

You can do either. I checked with my CU and they said they can buy out 6 months early (I would end up paying more because I will pay sales tax on the residual PLUS 6 months of payments that are already taxed). My CU said the best is to wait until end of lease.

Hmm…35 payoff and 36-40 k sale. It’s close but as long as you can float a loan for about 45 days it’s worth 5k for the 40k offer. For the 36k offer? nah.

But then I’m paying more in order to get into a new car.

Makes sense. I’ll have to reach out to my credit union

That’s why I am considering extending my current lease to ride out this crazy inflated car prices… Then I can decide if I will buy out or get into another lease.

25 months into a 36mo lease on a 2019 Civic EX. Dealer keeps calling trying to get me to trade in early. Payoff amount is $17,400 through Honda Financial, CarMax is offering $20,400. It’s a tough decision as 3K is not low but not high. If I can find a new lease for around what I pay now (299/mo, ze…

That’s what I was thinking too if that was an option

Can’t sell a lease to 3rd party due to recent changes.

What about a dealer? They said about dealer contacting them.

Is this true for Honda Financial Services? My account dashboard gives me a loan payoff amount, how does it matter where the check comes from?

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Have you ever bought out your lease?

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nj, ny

NATO July 27, 2021, 11:18pm 23

California 10 day tax exempt For lease buyout Ask the Hackrs

This is requirement of the third party buyer. They probably had issues in the past which is why their policy is that way. Either find another buyer or get title in your name. Best confirm what the buyer’s policy is.

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