Re: So don't hand it in, sell it..... - Saab General Bulletin Board - Saabnet.com
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Re: So don't hand it in, sell it.....
Posted by Roger (more from Roger) on Tue, 13 May 2003 18:21:57
In Reply to: So don't hand it in, sell it....., Mike Lynch [Profile/Gallery]
, Tue, 13 May 2003 12:00:30
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I know you are the guru of sales and leasing because that is what you do, so that is why I am asking.
How can a leasee sell a car while it is on lease? Doesn't it belong to the leasing company still? Don't you need to have title to the car to legally sell it? Isn't this the whole problem with leases in the North East States, the lease companies and/or auto companies are still the legal owners and face liability when the cars are involved in accidents.
Others may want to read the Patrick Bedard column in this month's "Car & Driver". It explains why leases are almost never a good idea for a consumer, although they are great for corporate auto "buyers".
posted by 68.42.114...
Posts in this Thread:
- Lease question, Paul , Tue, 13 May 2003 10:58:27
- the price is correct, dip, Tue, 13 May 2003 13:36:34
- if your residual is lower than the market prices, Trev, Tue, 13 May 2003 13:18:20
- So don't hand it in, sell it....., Mike Lynch , Tue, 13 May 2003 12:00:30
- Residual is just a semi-educated guess, phred, Tue, 13 May 2003 11:15:50
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