Hello all,
I have a 2017 Ford Explorer Sport with 59k Miles on it. I extended the lease twice but need to return it today unless I want to extend it again which I can.
Carmax and Carvana want to give me 3k more than my payoff but upon going in-person to sell it to them, they told me Ford won’t allow them to get a payoff to buy it out.
I’m pissed about it but I guess it is what it is.
Can I do anything to get the equity out of it outside of exercising the lease-purchase?
Thanks!
max_g
June 9, 2021, 3:57pm
2
This has been discussed many times already. Search the forum
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Chicago_Muscle:
it. I extended the lease twice but need to return it today unless I want to extend it again which I can.
Carmax and Carvana want to give me 3k more than my payoff but upon going in-person to sell it to them, they told me Ford won’t allow them to get a payoff to buy it out.
The hint is in bold. As Max said, answered many times recently
@TypeSH for the win! Simple and to the point. Thanks for being awesome.
I’m sorry to the others but I don’t have unlimited amounts of time to peruse the forums for an answer especially for something so simple…“no”.
No need to apologize to us if you don’t want to put in the time to search and possibly unlock your equity. It’s not a yes or no answer
SOLD!
2016 Ford Fusion Energi. They gave me $3,000 more than Carmax and Vroom.
Someone told me at CarMax that some Ford dealerships are only selling cars to current Ford owners. (may explain the premium?)
Process was simple. Gave them a detailed description of the car condition, took photo of odometer, driver license and uploaded a 10 day payoff.
I opted to take the car to Carvana and the process took 10 minutes. Carmax took me about 3 hours. Carvana buys about 60 cars a day at my locatio…
I’m trying to sell my car (2019 Ford Fusion Hybrid) to a third party and FMCC and the dealership from which I leased the car from, cannot give me a definitive answer.
I first contact FMCC to get a dealer buyout quote and their position is that the selling of leased vehicles are delegated to the dealership - so I call the dealership and they are claiming that any payoff questions should be directed to Ford Credit and that the only time dealer gets involved is if the lease is due within 120 days …
And there are more…
1 Like
system
Closed
August 8, 2021, 5:09pm
7
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