Author Topic: Dealer Lease buyout  (Read 80704 times)

Offline mod

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Re: Dealer Lease buyout
« Reply #200 on: April 07, 2021, 03:45:26 PM »
keep getting the runaround about this. Who do i call to get that number? and what specifically do i ask for?

Who is the financing company? Some have the ability to pull it in your account manager.

Offline ushdadude

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Re: Dealer Lease buyout
« Reply #201 on: April 07, 2021, 03:48:25 PM »
Who is the financing company? Some have the ability to pull it in your account manager.
Ford. I called them and they kept quoting me the buyout price I see online. And they kept emphasizing that the price doesn't include taxes and fees which makes me think that maybe that price really is the dealer price.

Offline mod

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Re: Dealer Lease buyout
« Reply #202 on: April 07, 2021, 03:51:54 PM »
Ford. I called them and they kept quoting me the buyout price I see online. And they kept emphasizing that the price doesn't include taxes and fees which makes me think that maybe that price really is the dealer price.

Could be.
Do you see the residual value?
Dealer buyout is usually residual + remaining payments iirc.

Offline whacked1

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Re: Dealer Lease buyout
« Reply #203 on: April 07, 2021, 03:58:54 PM »
keep getting the runaround about this. Who do i call to get that number? and what specifically do i ask for?
What company are you dealing with to buy it? Algo will call for you and get the price

Offline ushdadude

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Re: Dealer Lease buyout
« Reply #204 on: April 07, 2021, 04:03:54 PM »
What company are you dealing with to buy it? Algo will call for you and get the price
I tried all 3 and all had quotes lower than the buyout number I see. I'll reach out to algo to see if they see a different number.

Offline mod

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Re: Dealer Lease buyout
« Reply #205 on: April 15, 2021, 02:24:36 PM »
I got a quote with them. They are second highest. Considering doing it with them.
Would also like to know if anyone has transacted with them.
Sold to vroom. Car got picked up today.

Online elazarmn

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Re: Dealer Lease buyout
« Reply #206 on: April 15, 2021, 07:53:18 PM »
Anyone have experience trying to sell a lease that has a accident reported on it?

Offline mod

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Re: Dealer Lease buyout
« Reply #207 on: April 15, 2021, 08:02:53 PM »
Anyone have experience trying to sell a lease that has a accident reported on it?
That's part of a lot of the questionnaires and that should price it in.

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Re: Dealer Lease buyout
« Reply #208 on: April 15, 2021, 08:07:34 PM »
That's part of a lot of the questionnaires and that should price it in.
Right but im asking the buyout price doesn’t change based on the vehicles history. Just the market price

Offline Saver2000

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Re: Dealer Lease buyout
« Reply #209 on: April 15, 2021, 08:10:00 PM »
Right but im asking the buyout price doesn’t change based on the vehicles history. Just the market price
Right. What's the question at hand?

Offline mod

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Re: Dealer Lease buyout
« Reply #210 on: April 15, 2021, 08:13:00 PM »
Right but im asking the buyout price doesn’t change based on the vehicles history. Just the market price
Correct.

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Re: Dealer Lease buyout
« Reply #211 on: April 15, 2021, 08:22:57 PM »
Right. What's the question at hand?
Is there any way to get that buyout price lower or to sell it for more?

Offline Ephcc90

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Re: Dealer Lease buyout
« Reply #212 on: April 15, 2021, 08:22:58 PM »
Anyone have experience trying to sell a lease that has a accident reported on it?
Just sold to vroom. The others changed their price once they ran the VIN.

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Re: Dealer Lease buyout
« Reply #213 on: April 15, 2021, 08:26:09 PM »
Is there any way to get that buyout price lower or to sell it for more?
You can try to negotiate their offer, but the buyout was determined when you took the car.

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Re: Dealer Lease buyout
« Reply #214 on: April 15, 2021, 08:28:24 PM »
Just sold to vroom. The others changed their price once they ran the VIN.

Did your car have any damage upon inspection?

Offline Ephcc90

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Re: Dealer Lease buyout
« Reply #215 on: April 15, 2021, 08:31:44 PM »
Did your car have any damage upon inspection?
No. Accident happened a while ago.

Offline ejb123

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Re: Dealer Lease buyout
« Reply #216 on: April 16, 2021, 09:40:44 AM »
Now Vroom and Carvana won't buy your car in the last 60 days of lease not matter what leasing company you leased the car from. I have a lease with Chrysler Capital and they won't provide a formal dealer buyout letter in the last 60 days of the lease even though the difference (as what they told me over the phone) between the buyout that they sent me is that the dealer doesn't pay the taxes. After waiting on hold for over 8 hours, Carvana confirmed that even though I have a personal payoff letter from Chrysler Capital they wont buy my car - even if I told them to pay Chrysler the full price including taxes (ie just give me the net difference assuming they had the pay the taxes). Carvana's suggestion was to extend the lease for two months (I am in my last month) and then they will buy the car on the spot. Chrysler said no extensions being granted unless I have a new Chrysler vehicle on order. If your lease expires in the next 90 days - go to Vroom/Carvana, etc. now and see what the price is to take advantage. In my case - excluding taxes, Carvana and Vroom offered $4500 above my lease buyout price.

Obviously captive leasing companies want to take advantage of the current white hot used car market and not let the consumers take advantage.

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Re: Dealer Lease buyout
« Reply #217 on: April 16, 2021, 09:43:54 AM »
They won't buy or Chrysler won't sell?
I saw this already with US Bank and Ally - they won't sell for the buyout price to a third party.

Offline Saver2000

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Re: Dealer Lease buyout
« Reply #218 on: April 16, 2021, 09:46:08 AM »
Obviously captive leasing companies want to take advantage of the current white hot used car market and not let the consumers take advantage.
They aren't againts the consumer making money. It's that they also need the car just as badly as carvana wants it. There's a shortage, and they want you to return it as opposed to buying it out. (they can't prevent you from buying it out, but they can prevent you from selling directly to a 3rd party by not cooperating with them)

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Re: Dealer Lease buyout
« Reply #219 on: April 16, 2021, 09:46:58 AM »
@ejb123
Did you try ALGO?