If you’re nearing the end of your Nissan lease, you might be wondering if you can sell it to another dealer for potential equity. While some manufacturers allow third-party buyouts, Nissan has specific policies that limit this option.
At Palm Springs Nissan, we want to help you understand your choices so you can make the best decision for your situation.
Can You Sell Your Nissan Lease to Another Dealer?
Nissan leasing agreements generally require you to return your vehicle to a Nissan dealership, meaning third-party dealers cannot buy out your lease directly.
If you’re considering selling your leased vehicle, you have two primary choices:
- Buy out your lease and sell it:Â You can purchase the vehicle outright by paying the residual value and any associated fees. Once you own it, you’re free to sell it to any dealer or private buyer.
- Trade it in at a Nissan Dealership:Â If you’re interested in another Nissan model, trading in your leased vehicle at a Nissan auto dealer like ours can be a seamless process. In some cases, there may be trade-in equity that can go toward your next lease or purchase.
Understanding Your Lease Buyout Options
If you’re thinking about buying out your lease, here are the steps involved:
- Check Your Residual Value:Â This is the predetermined price at which you can purchase the vehicle at lease-end. It’s listed in your lease contract.
- Get a Payoff Quote:Â Contact Nissan Motor Acceptance Company (NMAC) or visit our finance department to get an exact payoff amount, which includes taxes and fees.
- Decide on Financing Options:Â If you don’t want to pay cash, we offer competitive Nissan financing options that allow you to keep driving your vehicle with affordable monthly payments.
- Gain Ownership & Sell if Needed:Â Once you’ve completed the buyout, you’re free to sell the vehicle to another dealer or private party.
Why Trade In Your Leased Nissan?
While selling your leased car requires buying it out first, trading it in at Palm Springs Nissan is much easier. We assess its value and apply any positive equity toward a new lease or purchase. This can be beneficial if you’ve taken great care of your car and its market value is higher than its residual value.
If you’re ready for an upgrade, explore our latest Nissan lease deals on models like the Nissan Rogue, Nissan Altima, and Nissan Frontier.
Benefits of Leasing a New Nissan
Leasing offers flexibility, lower monthly payments compared to financing a new car outright, and access to the latest safety and technology features. Our dealership provides a variety of Nissan leasing options so you can drive a newer model without long-term ownership commitments. If you’re considering another lease, we make the process easy with online credit approval.
Have Questions? We’re Here to Help
If you’re unsure whether buying out your lease or trading in your current Nissan is the right choice, visit our dealership or contact us. Our team is happy to walk you through your options and help you get into the right vehicle for your needs.
