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…
Someone who wants to buy your Ford could potentially
You can check if any buying services are interested
For the quickest results:
Copy your VIN to your clipboard and just paste it into each site. Quicker than plate lookup.
Enter “I own the vehicle” where applicable — you don’t need to get into the details of your lease payoff or loan balance until you’ve eventually chosen one entity to sell to.
Use a Google Voice or some other device you can turn off at will. Otherwise your real phone will be bombarded initially.
In alphabetical order:
Buyer Name
Direct Link
Review Link
AutoCo…
If FMC isn’t allowing 3rd party purchases, you can buy it and resell it to one of them.
I’ve used Lightstream (Part of Suntrust Bank) many times for auto purchases/refi but they’ve increased their % heavily with every rate hike.
Used auto loan with them now is above 8% but its non collateral. You get the cash deposited into your account and hold a lien free title.
(edit: I’m seeing this still says no, check with Ford if this is still the case, I thought we had an update)