MichaelRamsgate
New member
I currently lease a car, my residual and buyout for the car is way less than what the vehicles are currently be sold at the dealer. I have 4 months left on the lease, I spoke with the leasing company and they said I can buy my car out for the residual price + my last 4 payments. This would still be less money than what the vehicles sell for. So my question is can I tell the lender that I want to buy the car out and then sell it privately. Obviously I can use the money from the sale to pay them but then whats left over is mine. Is this possible to do? I would assume they would send me the title, but is it possible for them to specify the name on the title as the buyer?