Author Topic: Dealer Lease buyout  (Read 12048 times)

Offline yossig

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Re: Dealer Lease buyout
« Reply #90 on: November 10, 2020, 04:46:55 PM »
My Honda account is showing the payment received from vroom is the buyout with the taxes. Is it possible that vroom paid the taxes and didnít get the dealer buyout ?
everything is possible, PUTPAC

Offline yossig

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Re: Dealer Lease buyout
« Reply #91 on: November 10, 2020, 04:47:57 PM »
I actually just called Vroom because I never even heard from them! With ALgo, once I put in all my info, they didn't stop, they called, they texted, they e-mailed! With Vroom, I accepted the offer last night, uploaded whatever docs they requested and I never heard anything since.
She told me they verify the docs sent in and then send me a contract to e-sign.
I called them to expedite it

Offline Dovdovmoneytree

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Re: Dealer Lease buyout
« Reply #92 on: November 10, 2020, 04:57:38 PM »
I called them to expedite it
I called them too but she said the next step is I will get a contract e-mailed to me, once they verify the documents I sent (drivers license, registration and odometer read). I didn't ask but she didn't offer any info about expediting.

Offline ~King Lake~

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Re: Dealer Lease buyout
« Reply #93 on: November 11, 2020, 11:19:12 PM »
I called them too but she said the next step is I will get a contract e-mailed to me, once they verify the documents I sent (drivers license, registration and odometer read). I didn't ask but she didn't offer any info about expediting.
HUCA may help
I'm going crazy, wanna come along?

Offline Dovdovmoneytree

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Re: Dealer Lease buyout
« Reply #94 on: November 12, 2020, 02:27:39 PM »
3-5 days.
It is already 4 days since I accepted their (Vroom) offer submitted the docs they requested! Didn't hear from them once (besides possibly one auto e-mail). I called twice and keep getting told once documents are reviewed, I will receive a contract via e-mail. Yeah, and the clock keeps ticking. And I even thought of buying a van thru them! But I'm reading horrendous reviews on Vroom online (both, on buying and selling to/from them). I'm scared they will mess me up with my lease return (due 11/24).
« Last Edit: November 12, 2020, 02:41:05 PM by Dovdovmoneytree »

Offline avromie7

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Re: Dealer Lease buyout
« Reply #95 on: November 13, 2020, 11:04:27 AM »
It is already 4 days since I accepted their (Vroom) offer submitted the docs they requested! Didn't hear from them once (besides possibly one auto e-mail). I called twice and keep getting told once documents are reviewed, I will receive a contract via e-mail. Yeah, and the clock keeps ticking. And I even thought of buying a van thru them! But I'm reading horrendous reviews on Vroom online (both, on buying and selling to/from them). I'm scared they will mess me up with my lease return (due 11/24).
I wonder if they're pushing you off so by the time they come back with their lowball offer you don't have time to go to someone else.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline Dovdovmoneytree

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Re: Dealer Lease buyout
« Reply #96 on: November 13, 2020, 11:59:03 AM »
I wonder if they're pushing you off so by the time they come back with their lowball offer you don't have time to go to someone else.

I already jumped ship. ALgo came up significantly. Please see next post (I want others to read it and benefit)
« Last Edit: November 13, 2020, 12:10:55 PM by Dovdovmoneytree »

Offline Dovdovmoneytree

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Re: Dealer Lease buyout
« Reply #97 on: November 13, 2020, 12:10:41 PM »
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.
« Last Edit: November 13, 2020, 01:31:39 PM by Dovdovmoneytree »

Offline stooges44

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Re: Dealer Lease buyout
« Reply #98 on: November 14, 2020, 11:29:24 PM »
Yes, ALGO wins. Just sold my 2nd car to them last week.

I had a nightmare with carvana trying to sell a lease to them in the summer, ALGO was a pleasure although their fee went up to 95 from 75  :-\
If it's not free shipping it's not worth it.

Offline Saver2000

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Re: Dealer Lease buyout
« Reply #99 on: November 15, 2020, 07:18:33 PM »
Yes, ALGO wins. Just sold my 2nd car to them last week.

I had a nightmare with carvana trying to sell a lease to them in the summer, ALGO was a pleasure although their fee went up to 95 from 75  :-\
They charge a fee for selling them your car?


Offline stooges44

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Re: Dealer Lease buyout
« Reply #100 on: November 15, 2020, 07:36:58 PM »
They charge a fee for selling them your car?

A "document" fee. If you've ever tried selling to vroom or carvana, trust me their fee is worth every darn cent.
If it's not free shipping it's not worth it.

Offline elazarmn

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Re: Dealer Lease buyout
« Reply #101 on: November 15, 2020, 09:04:45 PM »
Can i sell my lease before the contract is over?

Offline Pad18

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Re: Dealer Lease buyout
« Reply #102 on: November 15, 2020, 09:05:48 PM »
Can i sell my lease before the contract is over?

Most yes. Some will have a penalty fee ..

Offline elazarmn

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Re: Dealer Lease buyout
« Reply #103 on: November 15, 2020, 09:06:46 PM »
Most yes. Some will have a penalty fee ..
How can i check?

Offline Dovdovmoneytree

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Re: Dealer Lease buyout
« Reply #104 on: November 15, 2020, 11:21:16 PM »
Yes, ALGO wins. Just sold my 2nd car to them last week.

I had a nightmare with carvana trying to sell a lease to them in the summer, ALGO was a pleasure although their fee went up to 95 from 75  :-\

Took Vroom SIX days from my offer acceptance (and uploading of requested docs) to send me a contract. ALgo- had it within 45 min+-
I guess if Vroom has the highest offer, it may work for some but keep your timeline in mind. And to me, a company with such poor communication (actually zero) raises red flags. There are LOADS of horrendous reviews on Vroom online.