When a leased vehicle is returned after the lease is complete, who owns the vehicle? The dealership?

Question

or the manufacturer?

Answer 1

That depends ...
Usually it is the Lender (or leasing company) that ownes the vehicle.
Sometimes the leasing company is owned by the manufacturer.
For example: Ford Motor Company ownes Ford Motor Credit & Ford Red Carpet Lease
But Ford dealers can also lease out vehicles through other lease companies or lenders.

In either case the dealership does not own the vehicle, but often they are given the option to buy the vehicle.

Hope this answers your Q

Answer 2

Yes, the person providing the lease is the owner. Many times that is the finance company of the manufacturer. But, often times not. If you leased a vehicle through your bank, then the bank owns the vehicle.

After you turn your leased vehicle in, though...there are several options for those involved.

1. The Leassor (you) can purchase the vehicle from the Leasee at the predetermined residual value.

2. The dealer you turned the vehicle in to has the option to purchase the vehicle from the finance company.

3. The finance company, or Leasee, will take that vehicle to auction and sell it. (When done through the manufacturer, these are known as "Program Vehicles")

Answer 3

For the entire time of the lease, the lessor owns the vehicle. The lessee is just renting the vehicle.

(The lessor is often a subsidiary of the manufacturer, structured to handle the finances, accrue the depreciation, collect payments, etc. For example, GMAC.)

At the of lease period, the lessor can sell the vehicle to whomever they want - another customer, at auction, any one.

Answer 4

It goes back to where it came from 1.Dealer then to 2.Manufacturer then to3. Auction or second hand car sales for that same dealership. It is there way of making the most money for there cars. You leased it for 2 to 5 years paying them every month. Then your lease runs out and they upgrade you to another car. you get your deposit back if you obied by there rules and contract and so the cycle goes.

Answer 5

the dealership, since they have already paid for the vehicle, with your money, of course.

Answer 6

whoever you leased with---gmac for example, they own the car. the dealership you purchased it with can also buy out the car.

Answer 7

the manufacturer usually,they send it to auction from there

Answer 8

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