Is there a trader / broker who can buy my lease car for me?

[Sim75]

I'm unable to purchase, so in the same way some people will buy at auction, does that service exist?
I'd like to hang on to it, and would rather not rack up unecessary previous owners by getting parents etc to buy it first...

[Challo]

Sim75 said:

I'm unable to purchase, so in the same way some people will buy at auction, does that service exist?
I'd like to hang on to it, and would rather not rack up unecessary previous owners by getting parents etc to buy it first...

Would a broker buying the car not add owners as well?

Can you not extend the lease on the car? Why not get a loan or get your parents to buy it for you. Adding one owner to a car isn't a big issue.

[Sim75]

Challo said:

Would a broker buying the car not add owners as well?

Can you not extend the lease on the car? Why not get a loan or get your parents to buy it for you. Adding one owner to a car isn't a big issue.

Traders don't go down as previous owners.

Finance isn't the issue, and yes, parents is an option of course. Just more of a faff tbh

[Auto810graphy]

Who is the lease company? Most have a drivers sale team who will sell you the car directly. Any trader would have to pay the same price to buy direct unless it went onto an online e remarking platform or auction site.

[Sim75]

LEX - the Driver Sales are handled by BCA

"Due to tax considerations we are unable to sell, invoice or register the vehicle to the Lessee, a director of the Lessee or their partner or spouse or a company with financial links to the Lessee. If the lease is a personal contract hire agreement, we are unable to sell the vehicle to the Lessee, their partner or spouse or their children. The vehicle will be sold on the understanding that it will be registered to a private individual that is not connected to the Lessee or third party company with no financial links to the Lessee"

[Challo]

Sim75 said:

Challo said:

Would a broker buying the car not add owners as well?

Can you not extend the lease on the car? Why not get a loan or get your parents to buy it for you. Adding one owner to a car isn't a big issue.

Traders don't go down as previous owners.

Finance isn't the issue, and yes, parents is an option of course. Just more of a faff tbh

I suppose the question is why? Would it not work out financially better for you to buy the car off the lease company rather than get a trader to buy it?

What's the benefit to you for a trader / broker buying it?

[Heathwood]

I’m sure the T&Cs said similar on my old lease car, however VWFS were quite happy to sell it to me. Have you asked?

[Sim75]

Challo said:

I suppose the question is why? Would it not work out financially better for you to buy the car off the lease company rather than get a trader to buy it?

What's the benefit to you for a trader / broker buying it?

I was thinking a fee based service rather than profit based one.

Like the brokers who will buy a car from an auction for you.

So V5 would be LEX and then me. If that's possible.

[edc]

Sim75 said:

Challo said:

I suppose the question is why? Would it not work out financially better for you to buy the car off the lease company rather than get a trader to buy it?

What's the benefit to you for a trader / broker buying it?

I was thinking a fee based service rather than profit based one.

Like the brokers who will buy a car from an auction for you.

So V5 would be LEX and then me. If that's possible.

What's in it for them? If the customer changes their mind they are lumbered with a car which they have paid out for. What if there is a fault? Sounds great for you as an end user but a dud business.

[Sim75]

edc said:

What's in it for them? If the customer changes their mind they are lumbered with a car which they have paid out for. What if there is a fault? Sounds great for you as an end user but a dud business.

I'm not proposing it as a business, just aksing if anyone offers it.
No less risky that getting someone to buy from auction on your behalf.

[Baldchap]

Sim75 said:

I'm not proposing it as a business, just aksing if anyone offers it.
No less risky that getting someone to buy from auction on your behalf.

The risk to the trader is that if you buy a car from them there are legal responsibilities on their part that they absolutely cannot sidestep. A trader wouldn't want those potentially costly responsibilities without a retail margin to cover that risk.

[journeymanpro]

Sim75 said:

Traders don't go down as previous owners.

Finance isn't the issue, and yes, parents is an option of course. Just more of a faff tbh

No but you will when you buy it off them.