Quickest way to sell lease car in NY?

Ask the Hackrs
21

At the End of the lease you have many options with Most Banks.

With Volvo

  • Buyout lease from Volvo
  • Trade in car at Volvo with purchase of another Volvo, VIN of new Volvo is required
  • Return Car to Volvo and walk way.
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22

That’s insane so what do they do with them? Just send to auction?

23

They keep the ‘new equity’, for themselves.

24

Probably turn around and sell them.

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25

But this is exactly what I mean.

26

Exactly they buy them at lease end.

27

No, you said

That doesn’t matter if Autonation or Not. To sell a leased volvo , you must buy a new Volvo, so what does Autonation have to do with it?

Autonation is the right answer if you want to sell your Nissan and buy a BMW, or anything else. but Autonation is not the answer for anything Volvo.

Edit : Ah you were asking a rhetorical question.

28

Yes that’s what I said at the beginning of the conversation to the OP but then it turned into they can’t buy back their own cars so I was asking for clarification on what exactly that statement meant.

29

Theyre accepting the lease return, not buying out the lease. There is no mechanism for the lessee to capture any equity as one could if they were buying out the lease.

30

Right I get that essentially they don’t send to auction if there’s value and keep them for themselves.

31

Not quite.

They may send it to Auction, but THEY keep the equity in the Auction sale. That’s the only reason they have this rule, it’s their property and they made a rule that says you (the lessee) don’t get squat.

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32

That’s pretty much across the board these days.

33

I dont know of any other brand that wont let their own dealers buyout leases

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34

as in plan B buyout if they don’t.

35

Sorry sir but you got that incorrect.

this is only VOLVO,

  • Nissan puts you through hoops to get the sale (Autonation is the right answer)
  • Hyundai tells non dealers wait up to 90 days for title (Autonation is again the right answer)
  • Ally BARELY allows some of their dealers to do it (Most get the market price)
  • South East Toyota (Not Toyota), won’t let you do it.

Volvo is the only major PITA, they allow it but restrict it so bad that you don’t want to do it.

36

Who says I’m a sir, you may have got that incorrect.

37

Lol until you have identified yourself, I can use whatever pronoun I want :slight_smile:

38

and I can keep calling you and your obnoxiousness out as long as I want except I have a job so toodles for now.

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39

TLDR no one here cares what happens after you throw the keys back at them. The only thing we care about is extraction of equity, if any, or at the least a “sale” which removes the disposition and other lease-end charges.

At the moment none of those are possible under the terms of Volvo Finance aka VCFS. They own the car and they only allow Volvo dealers to process lease returns as grounding the car, unless there’s a new Volvo lease or purchase involved.

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40

I didn’t ask if you cared I was asking for clarification on someone’s statement.