Author Topic: Dealer Lease buyout  (Read 12049 times)

Offline Dovdovmoneytree

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Re: Dealer Lease buyout
« Reply #15 on: October 13, 2020, 09:57:16 PM »
why not schedule an inspection and take it from there, youíre not binding yourself by having an inspection.
The whole thing is 3 minutes and is a basic walk around the vehicle.

Did you also try another company like Vroom or carvana?
Figured if it's not perfect on the first try, they'll just reduce the offer. and not go back up

Yeah, ALgo was the highest

Offline stooges44

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Re: Dealer Lease buyout
« Reply #16 on: October 13, 2020, 10:30:10 PM »
Car's in excellent condition with 17k on it), However; it is filthy (neighborhood road work). Mostly exterior but also the drivers mat from sand/mud....
Does it need a good cleaning prior to a virtual inspection?

One blemish it has is a relatively minor crack on the windshield. Was driving on the Hwy, s/o must've tossed a can out their window. I got a crack, perfectly round like the bottom of a soda can etc. Stayed like this for past 1-2 years. Will they change their offer? I think I read here that ALgo usually does not.

My car was also filthy although I did make an effort to get rid of all the large items of trash but I didn't actually vacuum it or do any sort of pesach cleaning.  They are not interested in the cleanliness at all because they make it like new anyway. They only asked me if there were any rips in the fabric and to be up font about any damage. I showed them my scratches and dents and they came back with a lower offer which I was expecting but i still came out ahead by almost 2k so I was more then satisfied.

I'm not sure where you read that they don't change their offer, I've only read that they always come back with a lower offer after the virtual inspection, it's classic sales tactic to get you in the door, but there are plenty of reports of successful negotiation to a better offer. It all depends on the demand for the vehicle.




If it's not free shipping it's not worth it.

Offline Dovdovmoneytree

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Re: Dealer Lease buyout
« Reply #17 on: October 13, 2020, 10:59:28 PM »
My car was also filthy although I did make an effort to get rid of all the large items of trash but I didn't actually vacuum it or do any sort of pesach cleaning.  They are not interested in the cleanliness at all because they make it like new anyway. They only asked me if there were any rips in the fabric and to be up font about any damage. I showed them my scratches and dents and they came back with a lower offer which I was expecting but i still came out ahead by almost 2k so I was more then satisfied.

I'm not sure where you read that they don't change their offer, I've only read that they always come back with a lower offer after the virtual inspection, it's classic sales tactic to get you in the door, but there are plenty of reports of successful negotiation to a better offer. It all depends on the demand for the vehicle.

I read it here (original topic discussion)https://forums.dansdeals.com/index.php?topic=2990.msg2324384#msg2324384 I think I saw a few comments in that thread indicating ALgo was better in that respect.

Offline Yef

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Re: Dealer Lease buyout
« Reply #18 on: October 14, 2020, 12:00:27 AM »
Iím not sure I fully understand this. Why would anyone return car to the dealer if they can go through one of these companyís and make money off of it?

Offline Dovdovmoneytree

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Re: Dealer Lease buyout
« Reply #19 on: October 14, 2020, 12:03:41 AM »
Iím not sure I fully understand this. Why would anyone return car to the dealer if they can go through one of these companyís and make money off of it?
I don't either understand it. Perhaps cuz they don't read DDF?  ;)

Offline yelped

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Re: Dealer Lease buyout
« Reply #20 on: October 14, 2020, 12:04:23 AM »
Iím not sure I fully understand this. Why would anyone return car to the dealer if they can go through one of these companyís and make money off of it?
It doesn't always or even usually turn out this way. It's only now because of the crazy high used market that people are getting high offers. But, yes, it never hurts to get a quote.

Offline Yef

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Re: Dealer Lease buyout
« Reply #21 on: October 14, 2020, 12:06:45 AM »
Does it affect your next lease price?

Offline thaber

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Re: Dealer Lease buyout
« Reply #22 on: October 14, 2020, 12:18:42 AM »
Does it affect your next lease price?
no. unconnected.

Offline Saver2000

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Re: Dealer Lease buyout
« Reply #23 on: October 25, 2020, 10:34:01 PM »
@yossig
Thanks for the write up. Very helpful.

When selling my lease to algo/carava, there is no sales tax charge on the buyout price since essentially it's being sold directly to another dealer?

Offline yossig

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Re: Dealer Lease buyout
« Reply #24 on: October 25, 2020, 11:41:59 PM »
@yossig
Thanks for the write up. Very helpful.

When selling my lease to algo/carava, there is no sales tax charge on the buyout price since essentially it's being sold directly to another dealer?
correct

Offline ~King Lake~

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Re: Dealer Lease buyout
« Reply #25 on: October 27, 2020, 07:30:10 PM »
no. You can do a buyout mid lease.
Does it effect your credit?
I'm going crazy, wanna come along?

Offline avromie7

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Re: Dealer Lease buyout
« Reply #26 on: October 27, 2020, 07:38:48 PM »
Does it effect your credit?
If anything, it should have a positive effect because you paid off your lease.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline ~King Lake~

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Re: Dealer Lease buyout
« Reply #27 on: October 27, 2020, 07:40:26 PM »
If anything, it should have a positive effect because you paid off your lease.
Also thought so, but your credit score goes down for terminating a lease so wandering if this is considered a lease termination
I'm going crazy, wanna come along?

Offline avromie7

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Re: Dealer Lease buyout
« Reply #28 on: October 27, 2020, 07:43:59 PM »
Also thought so, but your credit score goes down for terminating a lease so wandering if this is considered a lease termination
Why?
I wonder what people who type "u" instead of "you" do with all their free time.

Offline LNS

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Re: Dealer Lease buyout
« Reply #29 on: October 27, 2020, 07:50:58 PM »
great info here ... glad i came across the thread! thanks OP