I recently leased a 2024 Alfa Romeo Tonale Ti EAWD. Currently have 2K on the dash. The car itself is nice, but I’m going to be moving to a place where I will not need a car. I’m paying $380 a month. I wanted to try these lease trading sites, however I’d have to pay monthly to the website.
Any help or advice is appreciated.
Who is the lender? Let’s start there.
SFS Leasing LTD.
You have two options:
The first is to get the payoff from your bank and see if they allow third-party buyouts. Assuming they do, you see what CarMax and Carvana will give you for it. If your bank does not allow third-party buyouts, see what the original dealer will give you for it. If your car is worth more than the payoff, then you will get a check. If your car is worth less than the payoff, then you owe them the difference.
Your second option is to call your bank and see if they allow you to transfer the lease. You can list it here or a few other websites if they do. You can ask for cash as part of the transfer, but if every other car is listed with less cash or no cash, then yours will be hard to sell.
Sfs allows 3rd party buyouts but does not allow transfers.
I’m pretty much stuck aren’t I.
Find out your buyout before taxes. Get offers and see the delta. Decide what to do after.
What’s delta? Also should I go to car dealerships to see if they’d buy me out?
Yes, it does not look good. These vehicles depreciate like mad. I doubt it will never be underwater until the lease is up. I have a 2022 Jeep GC 4xe lease that is up in 2 months. Trade value is $8-$10K below buyout despite having low miles. That is because you can lease a new one for less than the cost to buy a 3 year old one and they have not changed much in that period.
Start online, it’s much easier
fill up the bathtub…
I’ll check it out.
I’m not sure what to do, other than choke it out with this car.
3rd Option: Buy out the car, then sell it privately. You’ll easily get 25% more than what Carmax or Carvana will give you. Carmax should only be your last option, not your first.
I see already hundreds of FB potential buyers fighting for $45k car LOL.
Under better circumstances, like if it’s a accord, civic, Corolla, Camry, or any other mass market car that’s well known, sure…
But an Alfa Tonale? Market for that’s very small and that’s assuming the time/effort spent to privately sell is worth it.
OP will just need to weigh risk/reward. I’d probably ride it out at $380/month and see what happens down the road.
Carmax will offer maybe $20K, for that $45K car. Lots of people hate money though and sell to Carmax all the time. 
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