G70 Lease Discussion

[mccoolio]

Hey guys, new person here to the forums...This place has always been helpful in my Google searches .

Long story short, I have leased a G70 and am a few months short of my turn-in date. I am interested in doing a lease buyout...However, my name and my spouse's are on the title (which we already have for this car). Just us, not the dealership or anyone else...Is that normal? I thought for a classic lease their name was supposed to be on it? I know I should've caught this prior but I didn't think anything of it at the time. Thoughts?

Can I sell this thing outright?

 

[Jhon]

Hey guys, new person here to the forums...This place has always been helpful in my Google searches .

Long story short, I have leased a G70 and am a few months short of my turn-in date. I am interested in doing a lease buyout...However, my name and my spouse's are on the title (which we already have for this car). Just us, not the dealership or anyone else...Is that normal? I thought for a classic lease their name was supposed to be on it? I know I should've caught this prior but I didn't think anything of it at the time. Thoughts?

Can I sell this thing outright?

Do you actually have a paper title? What state are you in? Some stated title cars differently. Here in Florida I have had digital titles and never had a paper copy. And you usually don't get the title until you pay off the loan.

 

[Tones_G70]

I don't think you can sell the car unless you have the title? I may be wrong, but I think that's how it goes in all states.

Good luck!

 

[mccoolio]

Do you actually have a paper title? What state are you in? Some stated title cars differently. Here in Florida I have had digital titles and never had a paper copy. And you usually don't get the title until you pay off the loan.

I do have the paper title, in Oklahoma. In my name also. Strangely, I found out that the automated Genesis system doesn't see my contract as a lease either. I did establish payment terms for 36 months though with the intent to return later when that time was up, just like a lease. Weird deal, not sure what the dealer was working.

 

[tarhoosier]

Miss a payment and see what happens

 

[mccoolio]

Miss a payment and see what happens

There's still a lienholder settle down

 

[tarhoosier]

Not identified on the title? OP makes no mention of listed lienholder

 

[mccoolio]

Not identified on the title? OP makes no mention of listed lienholder

It's me OP. Lienholder is Genesis Finance. Title has my name and my spouse only. When I call GF they don't identify what I'm doing as a lease. Unfortunately I haven't been able to get through to a real person for days, not sure what operation they're running over there right now.