Author Topic: Dealer Lease buyout  (Read 5988 times)

Offline thaber

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2008
  • Posts: 3019
  • Total likes: 165
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Dealer Lease buyout
« Reply #105 on: November 16, 2020, 02:52:32 AM »
Vroom is more yeshivish. But sticks to the quote in my experience.
Best service has been Carmax. In half an hour you have a check in hand. But lately their prices haven't been competitive.
I've sold a number of cars to each. That's been my experience

Offline avromie7

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2014
  • Posts: 6238
  • Total likes: 878
  • DansDeals.com Hat Tips 6
    • View Profile
  • Location: Lakewood
Re: Dealer Lease buyout
« Reply #106 on: November 16, 2020, 09:44:49 AM »
How can i check?
You're looking for the early buyout price.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline stooges44

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jan 2017
  • Posts: 5854
  • Total likes: 1502
  • DansDeals.com Hat Tips 262
    • View Profile
Re: Dealer Lease buyout
« Reply #107 on: November 16, 2020, 10:10:31 AM »
Vroom is more yeshivish. But sticks to the quote in my experience.
Best service has been Carmax. In half an hour you have a check in hand. But lately their prices haven't been competitive.
I've sold a number of cars to each. That's been my experience

Carmax requires you to bring the car to them, time is money, and in my case totally not worth it.
If it's not free shipping it's not worth it.

Offline thaber

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: May 2008
  • Posts: 3019
  • Total likes: 165
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Dealer Lease buyout
« Reply #108 on: November 16, 2020, 10:13:13 AM »
Carmax requires you to bring the car to them, time is money, and in my case totally not worth it.
Obviously that would depend on how far you live from Carmax. There's a world outside of the tri-state

Offline whacked1

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Oct 2012
  • Posts: 1878
  • Total likes: 71
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Dealer Lease buyout
« Reply #109 on: November 16, 2020, 12:03:31 PM »
Vroom is more yeshivish. But sticks to the quote in my experience.
Best service has been Carmax. In half an hour you have a check in hand. But lately their prices haven't been competitive.
I've sold a number of cars to each. That's been my experience
FYI algo also has the option to drop off your car by them and get a check on the spot. I went with the pickup option (discussed in the lease thread) and it was super convenient

Offline drosenberg88429

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jul 2020
  • Posts: 158
  • Total likes: 156
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Dealer Lease buyout
« Reply #110 on: November 16, 2020, 03:25:08 PM »
Does algo stick to quote, or lowers on you?

Offline whacked1

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Oct 2012
  • Posts: 1878
  • Total likes: 71
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Dealer Lease buyout
« Reply #111 on: November 16, 2020, 04:44:58 PM »
Does algo stick to quote, or lowers on you?
Once you have the zoom the new number they stick to

Offline Dovdovmoneytree

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Aug 2017
  • Posts: 365
  • Total likes: 15
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: USA
Re: Dealer Lease buyout
« Reply #112 on: November 16, 2020, 06:39:04 PM »
Once you have the zoom the new number they stick to
Correct. It's the initial e-mailed "estimate of value" that they drop down from significantly

Offline crownsbroyal

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jan 2010
  • Posts: 154
  • Total likes: 6
  • DansDeals.com Hat Tips 1
    • View Profile
Re: Dealer Lease buyout
« Reply #113 on: January 14, 2021, 10:54:11 AM »
Does anyopne know if any of the buy out companies actually buy leases off US bank? I tried with Algo and they told me that US Bank will not deal with them. 

Offline Dovdovmoneytree

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Aug 2017
  • Posts: 365
  • Total likes: 15
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: USA
Re: Dealer Lease buyout
« Reply #114 on: January 14, 2021, 11:23:48 AM »
Does anyopne know if any of the buy out companies actually buy leases off US bank? I tried with Algo and they told me that US Bank will not deal with them.

Tried Vroom or Carvana?

Offline Yehuda57

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jan 2014
  • Posts: 2276
  • Total likes: 4036
  • DansDeals.com Hat Tips 6
    • View Profile
  • Location: Brooklyn
Re: Dealer Lease buyout
« Reply #115 on: January 14, 2021, 11:41:18 AM »
Has anyone bought out a lease from someone personally? Is it a stupid idea?
Quote from: ExGingi
Yehuda57 needs to spew a certain amount of sarcasm in order to survive through the day.

Offline lcm

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Jul 2019
  • Posts: 483
  • Total likes: 124
  • DansDeals.com Hat Tips 5
    • View Profile
  • Location: 5th paragraph of https://www.dansdeals.com/sms/
Re: Dealer Lease buyout
« Reply #116 on: January 14, 2021, 11:44:01 AM »
Has anyone bought out a lease from someone personally? Is it a stupid idea?
I know of someone that did and who they bought it from, but not personally.
I suppose that if the price is decent, you have the advantage of knowing how the last owner took care of the car

Offline avromie7

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2014
  • Posts: 6238
  • Total likes: 878
  • DansDeals.com Hat Tips 6
    • View Profile
  • Location: Lakewood
Re: Dealer Lease buyout
« Reply #117 on: January 14, 2021, 12:04:33 PM »
Has anyone bought out a lease from someone personally? Is it a stupid idea?
If it's a good deal, no real reason not to.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline crownsbroyal

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jan 2010
  • Posts: 154
  • Total likes: 6
  • DansDeals.com Hat Tips 1
    • View Profile
Re: Dealer Lease buyout
« Reply #118 on: January 14, 2021, 12:18:34 PM »
If it's a good deal, no real reason not to.
Anyway to do it without double taxation? I was thinking of doing this with a buddy of mine whose lease is ending soon with Toyota.

Offline Saver2000

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Apr 2011
  • Posts: 7562
  • Total likes: 18
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Dealer Lease buyout
« Reply #119 on: January 14, 2021, 12:21:28 PM »
Anyway to do it without double taxation? I was thinking of doing this with a buddy of mine whose lease is ending soon with Toyota.
No way out, unless he sells it to a dealer who pays the ban directly.

On that note, a friend of mine was told that ALGO is no longer buying out leased cars directly from the bank.

Anyone else heard of this?