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Reply to "Please explain this to me like I’m 5: Buying a car from a private seller"
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[quote=Anonymous]I have bought used cars before but always from dealers. Now I’ve been looking at used cars for my daughter. A good friend’s parents have a leased car that they need to turn in as they’re in their 80s and have stopped driving, and have offered it to us for the payoff amount. The car is only a few years old and has super low mileage. So the parents need to exercise their option to buy the car out of the lease (sorry if this terminology is wrong, I have never leased) and then I pay them that payoff amount. Then what? Car is registered in DC and I am in Maryland. Thanks for any advice![/quote]
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