Help with Selling to Vroom - Lease

[yzeets]

I just did a quote for my car on Vroom, and they offered about 5k more than what my lease payout is, I’ve searched for videos/post etc. and I can’t really find a guide on how to do this properly. Questions like “Are you the owner of this vehicle?” and under “Auto Loan Information” Do I just put the information for the leasing company?

[ras815]

Sorry, not going to happen. Vroom stopped buying out leases a month ago. Carmax and Carvana are still buying leases from some banks, but there’s a growing list of brands they are no longer doing buyout deals on anymore. Which brand are you trying to sell?

[yzeets]

Yeah, I just saw that now when I tried to search, it’s a Honda I might do the pay-off myself and just sell it to vroom

[jeisensc]

HFS doesn’t allow third party sales to anyone

List of Lenders that Allow for Third-Party Buyouts

As used car prices soar, many lessees are finding that their vehicles are worth considerably more than their current payoff amount. Instead of simply returning the vehicle at lease end, you may be able to sell the vehicle to a third party (such as Carvana, Shift, Vroom, and CarMax) for a profit. However, some lenders are making it difficult for consumers to access this “lease equity” by charging a higher lease buyout price to third-party buyers than to consumers, or altogether prohibiting third…

Don’t forget to consider sales tax on the buyout in your cost/benefit calculation.

[justsharing]

@yzeets

I’ve searched for videos/post etc.

There is a whole thread about “Sold one to Vroom”, & just by searching vroom you’ll get bunch of threads.

https://forum.leasehackr.com/t/sold-one-to-vroom/