ThinkingViper
Enthusiast
- Joined
- Apr 30, 2003
- Posts
- 25
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Looked at another viper today. Carfax came back clean. Waiting for dodge and my insurance company to open on Monday to run additional background check. The gentleman purchased this car on a 5 year lease. It's two years into the lease, and he's trying to sell it. I was under the assumption that once you signed a 5 year lease you were stuck with the payments for 5 years. Can people actually sell cars off in the middle of a lease (maybe I'm just naive, but I've never heard of such a thing)?
Of course, I would pay the lease company directly and not the seller, but he also mentioned that it would take 10 days for the leasing company (5th-3rd bank) to send me a clean title. Does anyone have experience buying or selling a leased car before the expiration of the lease? What should I beware of? Anyway to temporarily plate the car without a title, but with a bill of sale from 5th-3rd bank (I know, I should call the DMV but it's Saturday lol)?
I realize that a leased car could have the potential of not being taken care of properly. Are there any additional issues I should be aware of because this car was leased? Any difficulty transfering the remainder of the 3/36 max care warranty?
Oh, this was somewhat wierd; The car had expired plates (even though he let me drive it lol). When I asked why, the owner said he hadn't renewed the plates since they expired in November and he stored it over the winter. Now he's selling it and doesn't want to spend the $600.00 bucks to plate it. Any thoughts on this?
Any advice you care to share would be greatly appreciated. I realize I'm paranoid, but I've saved long and hard for this baby and I want to cross my t's and dot my i's.
Thanks in advance,
Cheryl
Of course, I would pay the lease company directly and not the seller, but he also mentioned that it would take 10 days for the leasing company (5th-3rd bank) to send me a clean title. Does anyone have experience buying or selling a leased car before the expiration of the lease? What should I beware of? Anyway to temporarily plate the car without a title, but with a bill of sale from 5th-3rd bank (I know, I should call the DMV but it's Saturday lol)?
I realize that a leased car could have the potential of not being taken care of properly. Are there any additional issues I should be aware of because this car was leased? Any difficulty transfering the remainder of the 3/36 max care warranty?
Oh, this was somewhat wierd; The car had expired plates (even though he let me drive it lol). When I asked why, the owner said he hadn't renewed the plates since they expired in November and he stored it over the winter. Now he's selling it and doesn't want to spend the $600.00 bucks to plate it. Any thoughts on this?
Any advice you care to share would be greatly appreciated. I realize I'm paranoid, but I've saved long and hard for this baby and I want to cross my t's and dot my i's.
Thanks in advance,
Cheryl