ok in january of 2007 i leased a brand new jetta for a 4 year contract, the car only has like 4500 miles on it so its pretty new, however i really want the GTI, or the GLI, also the title of the car is in my hands, i know its not suppose to be but they accidentally send it to me, will i be able to sell my car like on ebay or anywhere and then get the GLI or th GTI, i have the title of the car in my hands?
2007-06-19 03:47:35 · 6 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
You might have the title, but you still don't own the car outright unless you have or are going to pay the lease off.
2007-06-19 03:54:59 · answer #1 · answered by birdiegirl 3 · 1⤊ 0⤋
You cannot sell this car. It does not belong to you. The title probably has a lien on it.
But here is what you can do. Call your leasing company and ask them for the "payoff" or "buyout" numbers on the lease. That is the money that is required to buy the car out of the lease. You may be able to sell the car for about the same number however expect some depreciation. I'd expect that you would have to put 1000 or 2000 into it to make the trade.
2007-06-19 12:53:17 · answer #2 · answered by Jay P 7 · 0⤊ 0⤋
NO. You don't own the car. The title itself doesn't make a bit of difference and at the end of your lease, how are you going to explain the fact that the car is gone? Turn the title in, and see if you can change out your lease for the car you want. sorry
2007-06-19 10:56:57 · answer #3 · answered by Enchanted 7 · 1⤊ 0⤋
check your title it may have the leasing comp. name on it.you can sell without there aproval.you can get in alot of legal trouble.you can always try and get someone to legally take over the lease.my husband and i kindof got in a situation where his boss leased a 97 pickup brand new.it was a 4 yr. lease.we took over the last yr. thought we could give it back when lease was up.but they told us we had to buy it or they would action it off and we would have to pay the remaining balance that they didnt get out of it. we ended up leasing it longer til we had like a thousand left on it then used taxes to pay it off.dmv might have it on record your leasing so you dont want to sell without going thru leasing comp.
2007-06-19 12:31:00 · answer #4 · answered by Anonymous · 0⤊ 0⤋
You can't sell a car you're leasing, no matter what.
2007-06-19 11:00:12 · answer #5 · answered by Anonymous · 0⤊ 0⤋
you have the title but do you have a "paid in full" and lease satisfied???
2007-06-19 10:50:57 · answer #6 · answered by god knows and sees else Yahoo 6 · 0⤊ 0⤋