Can you sell a leased car? The answer is yes — and it's a good time to do so. Dealers facing tight inventories are scrambling to buy good used cars to resell. They might be willing to purchase your leased car for more than the buyout price in your contract.
Does selling a leased car affect your credit?
Credit Impact When you make your lease payment each month, the dealership reports that payment to the credit bureaus. ... Fortunately, returning a leased car early doesn't damage your credit unless you fail to pay the lender what you owe.Feb 5, 2019
Can I sell my car to Carmax and get out of my lease early?
Yes, you can. If you sell it to Carmax, you will owe the remaining lease payments plus the residual value plus any lease termination fee. If you owe 4 payments of $400, RV of $16,000 and a lease termination fee of $300, you will owe the leasing company $17,900 to get out of the lease.