Purchasing a Ram 1500 that is currently leased

Ask the Hackrs Used Cars
1

Hello,

I found a seller that is trying to sell his leased 2019 Ram 1500. I live out of state and the lease can’t be transferred.

I’m looking for insight on the process of me buying this ram.

Do we need to go to the dealer he bought this from?

Say his lease buy out is 35k with 5k in remaining payments, does that mean if I bring 40k plus tax with me that I can go home with this truck?

Any help would be appreciated!

2

He will need to purchase the vehicle from the bank, and then he can sell it to you. He will likely have to pay sales tax on his buy out, making it a good bit more expensive, unless you live in one of the few places with a work around.