Hi folks, this might have been discussed here before but I would like to sell my leased Model X Performance. I took delivery in September 2019. Do I need to buy it first to get the title and then sell it or can I sell it directly to a private buyer or a third-party dealership? Thanks!
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Selling leased 2019 Model X possible?
- Thread starter macgeng
- Start date
SilverString
Member
It is really hard to sell something that you do not own. You would have to buy it first. If it is a Tesla lease, Tesla no longer allows leased vehicles, to be purchased. You will need to talk to the owner of the vehicle, the leasing company.
ATPMSD
Active Member
You can still purchase a leased X and I suspect S, leased before April 15, 2022. I am not sure if you can do it before the end of the lease term. The Y and 3 leases do not have a purchase option.
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ATPMSD
Active Member
Thanks. That is good to know.
I will likely purchase my 2022 X at the end of the lease or sooner, since I put so few miles on it. And the lease buyout is based on the price when I ordered over a year ago, which is way lower than the current price.
I wish we could purchase our leased 3, but sadly that is not an option. We will likely have less than 9,000 miles on it at the end of 3 years.
ATPMSD
Active Member
Correct. But this is based on the selling/order price of the car, which was much lower than the current price.
Rice&Curry
Member
Depending upon the state you live you may need to pay sales tax on the residual value of the car as per lease terms before you can transfer the title to your name.
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