no more lease sales to Carvana or anyone other than GM

[Doubeleive]

Honda, GM Say You Can't Sell Your Lease to Someone outside the Brand

 

[OR VietVet]

Business is Business.

 

[89Suburban]

 

[Doubeleive]

they are doing it to keep cars on the dealer lot, the dealer lot here looks dam near abandoned

 

[OR VietVet]

I can literally step out on the street in front of my office and look a 1/4 block up at a Chevy/Cadillac/Honda dealer and there lot is usually packed but now look only about 1/2 full or or 2/3 full. Still lots of vehicles there but not so many trucks or SUV's.

 

[Bill 1960]

Where there’s a will, there’s a way.

”To get around the new restrictions, a lessee would have to buy out the lease, take ownership of the vehicle themselves and then sell it to whomever they want.”

 

[Seamus]

Where there’s a will, there’s a way.

”To get around the new restrictions, a lessee would have to buy out the lease, take ownership of the vehicle themselves and then sell it to whomever they want.”

This right here!! ^^^^ Correct, you can buy it and then sell to Carvana. They are doing this to put a hurdle in the way so as stated they can get the lease return. So its technically not as easy as it was but still possible. Buy it, pay for instant title, sell. Most people will not go through the trouble or dont have the money they figure.

 

[RLC2020]

I did this with my Ram 1500 last fall. I had to "buy" the truck from FCA and then immediately sold it to the dealership. The wrote me a check for the value over the lease and I walked away. I was only halfway through and still cleared a few grand.