Going From A Lease To Own

Asked by May 14, 2014 at 01:29 AM about the 2012 Ford Explorer XLT 4WD

Question type: Shopping & Pricing

Thanks in advance for anyone who
can help/respond...

Current Situation: I'm moving to the
West Coast and I don't want to bring
my leased 2012 Ford Explorer XLT.
I would prefer to purchase my new
vehicle in CA or worst case, buy here
in the NJ area and ship.  My plan
moving forward depends on being
able to get out of my current lease.
I'm exploring several options to
transfer my lease or sell the vehicle.

Getting out of the lease in time
seems to be my main concern and
what will be my best strategy if
trading in my lease to purchase from
a dealer.

Details:
- 2012 Ford Explorer XLT 4WD
- Currently 16,700 miles
- 3 year lease
- 11 months remain on lease
- 10,500 miles per year
- Lease end buyout, $23,800

- I'm looking to purchase a sedan
import in the $19-$22k range.

My question revolves around what is
my best option for having a dealer
assume/takeover my lease and put
me in a used car for the best deal.

Let me know if anyone needs any
further details.

Thanks!!

2 Answers

16,140

Normally you are locked in on a lease unless something like death of the leasee happens. The only out I can see (if leased from Ford) is to speak to a Ford Dealership and see what it will do if you purchase a Ford Vehicle from them.

1 out of 1 people think this is helpful.
16,140

California has some strange laws when it comes to emissions. Some vehicles have to be equipted acertain way to be licensed, California Compliant. If you are going to purchase a vehicle, expecially a used one, I'd pick it up in California. Nothing like purchasing a vehicle, shipping it across the states, then upon arrival being told you cannot drive it.

2 out of 2 people think this is helpful.

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