Selling a leased or financed car is possible through LightSpeedBid, but the process is different from selling a paid off car. Many customers search for sell financed car, sell car with loan, or how to sell a leased car, and LightSpeedBid can assist with these situations.
If your car is financed, you will need the payoff amount from your lender. This is the amount required to settle the loan. LightSpeedBid will show you an offer for your vehicle. If the offer is higher than the payoff amount, you receive the difference as your profit. If the offer is lower, you must pay the remaining balance to release the title.
Many LightSpeedBid buyers can send payment directly to the lender, which simplifies the process. You simply sign the necessary documents when the tow driver arrives. Once the lender confirms the loan is paid off, the buyer receives the title, and the sale is complete.
Leased vehicles have more restrictions. Some leasing companies allow early buyouts, meaning you can purchase the car from them and then sell it. In certain situations, LightSpeedBid buyers can handle the buyout directly if the leasing company allows third party payoff. If not, you may need to complete the buyout yourself before selling.
LightSpeedBid helps sellers navigate these steps and ensures compliance with state and lender rules. If you need to sell my financed car or sell my leased car, LightSpeedBid provides one of the simplest solutions by connecting you with buyers who understand the process.