When you want to return your Ford lease early, there are many ways for you to do that and still save some good dollars. If your Ford has positive equity, you don’t need to worry about the possible penalties of terminating a lease early. You even stand a chance of getting out of your lease with more money.
You can either sell your leased Ford to a dealership, sell it privately, or sell it to used car dealers like CarMax, Vroom, and Carvana. However, if you want to save more money without any stress, selling your Ford to a dealership and used car dealers is the best choice. So, should you sell your Ford lease to VIP dealership or a used car dealer?
Ford Credit & Lease Buyout
A lease buyout allows you to purchase your leased Ford car at a predetermined value. With trade-in values and used car prices nearing an all-time high, lease buyout seems to be the trend today. If you’ve got good equity on your Ford, whether you want to get a new model or terminate your Ford lease, selling your leased vehicle now seems the easiest and more beneficial way.
However, with the shortage of semiconductor chips and low supply to meet demand, many banks and automotive finance arms, including Ford Credit, do not allow third-party buyout of a leased vehicle. To keep the inventory going, several banks and credit unions like Ford Credit, Ally Bank, MetaBank, Wells Fargo, US Bank, GM Financial, and more no longer work with used car dealers like Carvana and Vroom or CarMax.
Ford Vehicle Trade-In
Long before now, if you want to trade in your leased ford car, you can either go to a dealership or used car dealers like Carvana, CarMax, or Vroom. Even if you’re still owing on your car, you can still sell your leased Ford to these dealers or a dealership like VIP Auto.
However, as different banks and financial unions don’t allow third-party buyouts, you’re stuck with one option. Therefore, if you want to finance a new car or pay off a current auto loan, selling your leased car to a dealership is your best option. VIP Dealership will help you negotiate with Ford Credit or banks and credit unions to get you out of your lease or put you into a new lease.
Sell Your Ford Lease To Dealership Vs. Selling To CarMax, Carvana, or Vroom
So, even without the restriction of selling to a third party, why should you sell your car to a dealership? Even when you can purchase the car yourself, then sell it to a third party at a higher bargain, why would you want to sell your lease to VIP?
The answer is simple, to save money and time. No doubt, selling your leased car to a third party may put more money into your pocket. Still, when you consider the time, the stress, and the bills in taxes and registration, you may want to ask yourself if it’s worth it. Why go through all this stress when you can negotiate a sweet bargain when you sell to VIP?
When you want to return your Ford lease early, selling your leased car to VIP auto can give you quick and cool cash. You won’t have to deal with the stress of over haggling and lengthy processes in selling your car.
Contact VIP Auto today at 1204 Hylan Blvd, Staten Island, NY 10305 https://viplease.com/.