How do I sell a leased vehicle?

Answer Contact BankCall your leasing institution. Ask the banking representative what the "buy-out" amount--the amount to purchase your vehicle and own it outright--is. The representative should give you ... Read More »

Top Q&A For: How do I sell a leased vehicle

If you are the primary driver of a leased vehicle in your parent's name who lives at a separate address can you insure the vehicle under your own policy at your address instead of theirs?

Early Termination of a Leased Vehicle?

When a person cannot afford to make the lease payments on a vehicle, one option is to simply return the vehicle. However, this is a bad idea for many reasons. The good news is that a number of opti... Read More »

Can I deduct sales tax on a leased vehicle?

On One Hand: It is DeductibleSales tax paid for a leased vehicle is deductible on federal income tax returns, along with all other state and local sales tax. However, deductions must be itemized to... Read More »

What Happens If You Stop Insurance on a Leased Vehicle?

Dropping insurance coverage on a leased vehicle has its consequences. Just as when making payments on an auto loan, when leasing a vehicle auto insurance protects the lien holder from loss.