Quickest way to sell lease car in NY?

I have a lease with equity, from a manufacturer that doesn’t allow third party sales (Volvo). My options appear to be:

  1. buy it outright now and wait for title to arrive
    Or
  2. finance it now, wait for title to arrive, buyer can pay off lien

It seems it could be months (!) to get a title in NY state.

Am I missing any options and does 1 or 2 impact the timeline in any way?

No, same time frame 60-90 days

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Same timeframe - pick your poison

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Try autonation see if they have Volvo dealerships

Makes no diff, Volvo has the strictest rules regard their leases

So does BMW but they are affiliated with Autonation in NY and you can do it that way. Autonation has dealers they are not like carvana, etc

number 1 will allow you to sell it faster.

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Makes no difference, volvo does not allow their own dealers to buy out, just trade in for another volvo

As i said, Volvo is really bad, BMW honestly is normal compared to them

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getting a lien release and getting dmv to adjust title to remove lien holder in NYS is a disaster. #1 is far quicker. in for cash, out for cash.

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Ah, but in ny you don’t need a lien-clear title—you can have the encumbered title and sell the car as long as you have the payoff letter.

Disappointed to hear it’s 60 days or more for title what a :joy:

GMTV, for example, will not take an encumbered title. Better to have a ballpark # that you’re selling it for, and then use cash. It’s not 60 days. It’s prob a month.

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Oh they finally cleared up the backlog?

long time ago. nys is fine. i mean, save for the rampant crime, high cost of living, etc, etc, nys is fine.

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  1. Gives you the option to sell to a private party too. 2 doesn’t.

They’re both slow, 1 is faster. Fair enough!

http://www.dmv-services.com/about-us.html

Dealers can’t buy the cars at lease end?

Volvo dealers can only take a volvo on trade if youre getting a new volvo. They cant buy out leases.

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I’m talking at lease end they can’t buy their own cars and sell them?

Volvo cant buy the lease out at lease end, unless youre trading it in in a new volvo.

They can accept a lease return, but not purchase it

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