I have a Tacoma that is near the end of the lease. Leased thru Toyota financial. It has a few mods and I’m too lazy to part it out.
If I sell to a private party, how can they pay Toyota? Will they receive the title?
I have an interested cash buyer. He told me he’s willing to meet at the bank, credit union, etc.
What’s the easiest way to go around this?
Will call Toyota tomorrow but figured I’d check here in the meantime.
If it’s going to a non-dealer third party, you will need to purchase out the lease first and then sell it to them. Keep in mind that there are generally significant tax consequences for this.
The only other option is to find a dealer to act as a middle man and buy out the vehicle then sell it to the 3rd party, but expect this to also cost you.
You’d need to purchase the truck yourself to sell it. Just go to carmax! They are supposedly offering top dollar!