I made an offer for a vehicle on CarGurus and it was accepted. The seller has the vehicle on a lease and he will need to contribute money to satisfy the lease when I purchase it. How do we handle this transfer to make sure I am protected?

Asked by GuruHTMN1 Jul 11, 2019 at 02:02 PM about the 2017 Jeep Wrangler Sport

Question type: Car Selling & Trading In

How is the transfer handled when the seller has it leased and there is a payoff greater than the purchase price?

1 Answer

7,850

Don't go through with the transaction if in fact it is a lease. A lease is a rental agreement and the lessee does not own the vehicle. If the buyer has a loan and is paying on it still, then you can perform the transaction at the buyers loan office to make sure you get the title mailed to you.

Your Answer:

Get More Money for Your Car
Be seen by 30 million shoppers. Create Your Listing

Jeep Wrangler Experts

  • #1
    Mathew Wooldridge
    Reputation
    800
  • #2
    G A Arne
    Reputation
    690
  • #3
    F_O_R
    Reputation
    660
View All

Find great deals from top-rated dealersTM

Search

Related Models For Sale

Used Jeep Wrangler Unlimited
992 Great Deals out of 76,728 listings starting at $7,250
Used Jeep Grand Cherokee
1,625 Great Deals out of 83,671 listings starting at $1,333
Used Toyota Tacoma
714 Great Deals out of 50,891 listings starting at $2,500
Used Ford F-150
3,622 Great Deals out of 249,159 listings starting at $200
Used Ford Mustang
407 Great Deals out of 37,495 listings starting at $1,700
Used Jeep Cherokee
703 Great Deals out of 62,538 listings starting at $2,215
Used Chevrolet Silverado 1500
3,233 Great Deals out of 151,049 listings starting at $1,000
Used Toyota 4Runner
380 Great Deals out of 30,621 listings starting at $1,900
Used Jeep Renegade
341 Great Deals out of 31,726 listings starting at $7,795
Used Dodge Challenger
421 Great Deals out of 23,417 listings starting at $5,990
Used Chevrolet Camaro
394 Great Deals out of 19,223 listings starting at $2,000
Used Dodge Charger
513 Great Deals out of 24,554 listings starting at $1,500
Used Chevrolet Corvette
180 Great Deals out of 10,073 listings starting at $3,950

Used Cars For Sale

2017 Jeep Wrangler Sport For Sale
27 Great Deals out of 387 listings starting at $19,599
2016 Jeep Wrangler Sport For Sale
30 Great Deals out of 440 listings starting at $15,990
2015 Jeep Wrangler Sport For Sale
30 Great Deals out of 460 listings starting at $14,490

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use. Content will be removed if CarGurus becomes aware that it violates our policies.