To anyone considering transferring their lease to ALgo, Vroom, Carvana etc- I just wanna post my experience. I think there have been varied experiences by DDF members but this was mine. My verdict- stick with ALgo.
ALgo initially sent the highest offer via e-mail, upon inspection they dropped it by $1300 (even though car was amazing cond) saying the "market was soft for my specific vehicle". Uhuh
Sales tactic to get me thru the door.
Waited a month. Put my info in again on all 3- Vroom came in highest. Accepted the offer, uploaded all docs etc. They said next step- a contract will be e-mailed to me. That's been going on for 5 days already! They don't call, never e-mail, nothin! In fact I called them 3 times, get the same shpiel....docs still being reviewed....
Yesterday, got nervous, decided to reach out to ALgo again. They said they need to do another appraisal. I replied very firmly to please not waste my time if they can't come in very close to their e-mailed offer. Ok, he will speak to his supervisor. Guess what? They came up by $500, by far the highest now. So guys- definitely negotiate and play hardball! Accepted the offer. Within about 45 minutes, I had a contract sent to me to sign. Vroom is still stuck in the same spot!! I don't hear from them, nothing. Communication by ALgo is positively amazing thus far. Will advise how the full process goes down.