Author Topic: Dealer Lease buyout  (Read 80691 times)

Offline zevi

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Jul 2014
  • Posts: 921
  • Total likes: 164
  • DansDeals.com Hat Tips 2
    • View Profile
Re: Dealer Lease buyout
« Reply #140 on: March 22, 2021, 11:13:06 AM »
i thought i read that there can be an early termination fee if you do it too early
The buyout price will include the remaining payments.

Offline elazarmn

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Mar 2016
  • Posts: 776
  • Total likes: 106
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: kings County
Re: Dealer Lease buyout
« Reply #141 on: March 22, 2021, 11:28:10 AM »
where do i find who my financing company is and how much is the buyout?

Offline whacked1

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Oct 2012
  • Posts: 2556
  • Total likes: 518
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Dealer Lease buyout
« Reply #142 on: March 22, 2021, 11:30:33 AM »
where do i find who my financing company is and how much is the buyout?
to whom do you make monthly payments? login to your online account and it should say there. You can call them for dealer buyout amount.

Offline elazarmn

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Mar 2016
  • Posts: 776
  • Total likes: 106
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: kings County
Re: Dealer Lease buyout
« Reply #143 on: March 22, 2021, 11:53:03 AM »
to whom do you make monthly payments? login to your online account and it should say there. You can call them for dealer buyout amount.
thanks!

Offline ushdadude

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Apr 2013
  • Posts: 6305
  • Total likes: 932
  • DansDeals.com Hat Tips 5
    • View Profile
  • Location: NY
Re: Dealer Lease buyout
« Reply #144 on: March 22, 2021, 02:06:30 PM »
what do you do with plates and registration? i'm used to returning car to leasing company who takes care of everything

Offline lcm

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Jul 2019
  • Posts: 1600
  • Total likes: 639
  • DansDeals.com Hat Tips 6
    • View Profile
  • Location: 5th paragraph of https://www.dansdeals.com/sms/
Re: Dealer Lease buyout
« Reply #145 on: March 22, 2021, 02:26:29 PM »
what do you do with plates and registration? i'm used to returning car to leasing company who takes care of everything
By the way, I know that at least in pa you can transfer over your plates to your new car and save some money (and headache of updating them elsewhere)

Offline elazarmn

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Mar 2016
  • Posts: 776
  • Total likes: 106
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: kings County
Re: Dealer Lease buyout
« Reply #146 on: March 22, 2021, 02:37:21 PM »
By the way, I know that at least in pa you can transfer over your plates to your new car and save some money (and headache of updating them elsewhere)
i think you can do that in NY aswell.

Offline stooges44

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Jan 2017
  • Posts: 6454
  • Total likes: 2751
  • DansDeals.com Hat Tips 269
    • View Profile
Re: Dealer Lease buyout
« Reply #147 on: March 22, 2021, 02:54:31 PM »
what do you do with plates and registration? i'm used to returning car to leasing company who takes care of everything

If your not getting a new lease then just send the plates back to the dmv, if you are getting a new lease then tell the new lease place that you want to transfer the plates.
If it's not free shipping it's not worth it.

Offline whacked1

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Oct 2012
  • Posts: 2556
  • Total likes: 518
  • DansDeals.com Hat Tips 4
    • View Profile
Re: Dealer Lease buyout
« Reply #148 on: March 22, 2021, 03:11:27 PM »
what do you do with plates and registration? i'm used to returning car to leasing company who takes care of everything
mail back and you get a check for remaining balance

Offline ushdadude

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Apr 2013
  • Posts: 6305
  • Total likes: 932
  • DansDeals.com Hat Tips 5
    • View Profile
  • Location: NY
Re: Dealer Lease buyout
« Reply #149 on: March 22, 2021, 05:18:19 PM »
i think you can do that in NY aswell.
that's what is usually done for me but i don't know the process.

Offline Fish Tank

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Feb 2012
  • Posts: 875
  • Total likes: 154
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: NJ
Re: Dealer Lease buyout
« Reply #150 on: March 22, 2021, 05:21:45 PM »
that's what is usually done for me but i don't know the process.
It's not complicated.

When the tow truck shows up, unscrew the plates, and call insurance to remove the vehicle from your policy. That's all.

Offline elazarmn

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Mar 2016
  • Posts: 776
  • Total likes: 106
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: kings County
Re: Dealer Lease buyout
« Reply #151 on: March 22, 2021, 05:53:22 PM »
that's what is usually done for me but i don't know the process.


good thing ya ask :)

Offline ushdadude

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Apr 2013
  • Posts: 6305
  • Total likes: 932
  • DansDeals.com Hat Tips 5
    • View Profile
  • Location: NY
Re: Dealer Lease buyout
« Reply #152 on: March 22, 2021, 09:37:47 PM »
I just realized, this must be what many leasing companies do with your car when you get a new one. They "take care of it" for you

Offline EliJelly

  • Dansdeals Presidential Platinum Elite
  • ********
  • Join Date: Jan 2019
  • Posts: 2865
  • Total likes: 3467
  • DansDeals.com Hat Tips 1
    • View Profile
Re: Dealer Lease buyout
« Reply #153 on: March 23, 2021, 12:22:28 AM »
I just realized, this must be what many leasing companies do with your car when you get a new one. They "take care of it" for you
Good morning America

Offline myi

  • Dansdeals Lifetime 20K Presidential Platinum Elite
  • ********
  • Join Date: Feb 2015
  • Posts: 23544
  • Total likes: 2427
  • DansDeals.com Hat Tips 356
  • Gender: Male
    • View Profile
  • Location: InMyPants! 🙈
  • Programs: 2Many2List!
Re: Dealer Lease buyout
« Reply #154 on: March 23, 2021, 03:04:54 AM »
I just realized, this must be what many leasing companies do with your car when you get a new one. They "take care of it" for you
A dealer, any of these frum ones out there, take the car and try to resell it.
 Nice market out there.
 Decent business to go into.
Quote
Need your LG Exalt fixed? Cracked in half? Water damage? Or parts to repair yourself. 347.201.2501

Offline avromie7

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2014
  • Posts: 8188
  • Total likes: 2713
  • DansDeals.com Hat Tips 6
    • View Profile
  • Location: Lakewood
Re: Dealer Lease buyout
« Reply #155 on: March 23, 2021, 06:38:01 AM »
A dealer, any of these frum ones out there, take the car and try to resell it.
 Nice market out there.
 Decent business to go into.
you're competing against algo etc., and you can't expect it to be a good business long term.
I wonder what people who type "u" instead of "you" do with all their free time.

Offline ushdadude

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Apr 2013
  • Posts: 6305
  • Total likes: 932
  • DansDeals.com Hat Tips 5
    • View Profile
  • Location: NY
Re: Dealer Lease buyout
« Reply #156 on: March 23, 2021, 08:28:17 AM »
Good morning America
Lol. I always wondered how they sustain themselves. It can't be from the measly commission they get for leasing a car

Offline Fish Tank

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Feb 2012
  • Posts: 875
  • Total likes: 154
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: NJ
Re: Dealer Lease buyout
« Reply #157 on: March 23, 2021, 07:27:47 PM »
Good morning America
+1

you're competing against algo etc., and you can't expect it to be a good business long term.
Huh? Local used dealers are competing with ALGO?

Offline Fish Tank

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Feb 2012
  • Posts: 875
  • Total likes: 154
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: NJ
Re: Dealer Lease buyout
« Reply #158 on: March 23, 2021, 07:29:26 PM »
I just realized, this must be what many leasing companies do with your car when you get a new one. They "take care of it" for you
I was told they do this with the damage waiver as well. It's "self funded" , and many times they don't need to fix the damage. . .

Offline avromie7

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: Feb 2014
  • Posts: 8188
  • Total likes: 2713
  • DansDeals.com Hat Tips 6
    • View Profile
  • Location: Lakewood
Re: Dealer Lease buyout
« Reply #159 on: March 23, 2021, 07:30:14 PM »
+1
Huh? Local used dealers are competing with ALGO?
No, someone making a business buying cars off lease for resale is.
I wonder what people who type "u" instead of "you" do with all their free time.