It’s been quite an ordeal selling my leased 2016 Ford Focus Electric. I got quotes from Carvana.com, Vroom.com and Shift.com. Shift doesn’t do Ford leases. The highest offer was from Carvana for $3000 over payoff. However, after I submitted my paperwork, they responded that they were no longer buying out Ford leases.
I checked with my original Ford dealer (you have to go through a Ford dealer) about paying off the lease myself and then selling it to Carvana (hopefully getting the title and selling within 10 days or I wouldn’t get the sales tax back). It was $2000 more to buy it myself. A ridiculous $695 processing fee, DMV fees and $950 sales tax. By that time, the Carvana quote had gone down and was only $2000 over payoff.
I checked with Carmax but they don’t buy out Ford leases. I then got a online quote from my local Autonation Ford. Their quote was $750 over my payoff and they could buy out the lease without any problem. When I came in to sell the car, it turned out that the payoff for them was $500 less than it was for me and I ended up getting $1250.
All in all, Ford made it really difficult to sell their leased car.