How do you sell your leased car safely?

[qaisar10]

One of my friends has got a Civic X leased by a bank, 60% downpayment paid, and so far 6 months lease paid (around 85K per month) in a 2 years plan.

Now he would like to sell this car and get a new one financed.

The questions are:

• what is the best way to sell a bank leased car when a car is on Bank's name?
• is it possible to transfer the lease to someone else?
• is it possible for the bank to exchange the car for you?

because if he sells the car without transferring, what if the new buyer doesn't pay instalments and make the seller defaulter, ruines the seller's banking history?

[ashbal]

Why not sale it on cash?make deal with someone talk to him take the money handover car and clear the bank with the money and give the papers to buyer,car first offers this service

[qaisar10]

Yeah that makes sense, thanks for the suggestion!

Is there any other way if this doesn't work for any possible reason?

[imran747]

Probably @ashbal method is the safest and genuine one!

[memad]

As you mentioned it is leased and on Bank name, one can not sell any asset lawfully as long as he is not the owner or attorney of the owner.

Buy it from the bank and sell it, or return the car to the bank and get new one.

[qaisar10]

Great, thanks!

[ashbal]

Send details pf the car,i will find a buyer

[qaisar10]

He needs some time to think and plan about this, will definitely contact you once he makes up his mind thanks anyway!