Huiezzy

So I have a lease on a 2017 LX570 and put out a ad for someone to take it over for me. Someone did contact me interested in purchasing the whole vehicle instead of taking over the lease. Does someone here have any knowledge if him buying the car directly from my lease is possible? Or if he would have to take on the lease and then purchase it that way.

RNM GS3

rominl

iTrader: (4)

call up LFS (i assume that's your lease), more than likely the buyer can buy out the car and have the title issued to him directly. need to check for TN for sure but very likely

tex2670

The only issue for you is how much this person is buying for. If they don't want to pay the full amount of your buyout under your lease, you will have to make up the difference.

wasjr

I agree with this comment. In all likelihood the payoff to own the car will be the total of your remaining payments plus the residual. This total may be more than the current fair market value of the vehicle.

While I have not used the site, leasetrader.com might be a option if the current situation falls through.

SW17LS

Yes, they can. Buyout is your residual plus all the remaining lease payments. Gonna be way more than its worth at this point.