Presently, the automotive industry is faced with unprecedented challenges in the supply of new vehicles, thanks to the shortage of semiconductor chips. With a recent boost in trade-in and used car values, now can be a good time to return your Nissan lease.
Whether you need a replacement, return your Nissan lease, or purchase your Nissan lease, the Nissan Motor Acceptance Corporation (NMAC) and VIP dealership are here to help you save more money. With the recent increase in the value of the used cars and trade-in value, how best can you save more when trading in your Nissan lease?
Can I Sell My NMAC Financed Nissan Lease?
Yes, you can sell your NMAC financed Nissan Lease car. However, you can’t sell it to any third party, including used car dealers like Carvana, CarMax, and Vroom.
Like most banks and automaker’s finance companies, NMAC has placed a ban on the sale of leased cars to third parties. If your lease was financed by NMAC or banks like Ally Bank and US Bank, and you want to trade in your lease, your options are quite limited. As long as your lease is financed, or you probably want your new Nissan lease to be financed by auto finance companies or banks, you can only sell your lease to dealerships.
If you don’t want to sell your lease to the dealership, you still have the option of purchasing your Nissan lease, turning around, and selling your Nissan car to used car dealers or a private sale. Then, coming back to lease a new Nissan vehicle. While you may make a little more money by going through this route, this process is quite stressful, and you’ll have to pay additional charges, including sales tax.
VIP Dealership Vs. Carvana, CarMax
If you want to save money while trading in your Nissan lease, selling your Nissan car to VIP Auto is the deal. Selling your car to us will help you save, and with the likely positive equity on your car, rest assured of walking away with much money when you sell your car to us.
Besides the top cash we offer when you sell your car to us, we can help you negotiate with any financial institution of your choice if you want to finance a lease-purchase or lease a new car. With the recent restrictions with third-party lease buyouts, CarMax or Carvana can’t help you negotiate a lease with most banks and credit unions. If you want to get financing for a new lease or pay off an existing lease, we can negotiate with banks and credit unions to get you out of your lease into a new car.
From the face value, Carvana, CarMax, and Vroom may seem to put more money in your pocket, but when you remember the hassle and extra costs associated with trading in your car with these used car dealers, you’ll quickly discover that dealerships like VIP can help you save more money.
Care to find out how best you can save more when you trade in your Nissan with VIP Auto, reach out to us at VIP Auto, 1204 Hylan Blvd, Staten Island, NY 10305 https://viplease.com/.
