End of my lease. Finance co. charge to dealers if trading in.
Just looking to find out if the norm for a finance co. to charge any dealer
$5500.00 over my residual value if I want to trade it in. My vehc. is selling for
an average of $7000+ over my residual value on car guru. Pretty much
stopping me from trading it in, unless I want to take a big hit on what I can
possibly make on the car. So of coarse I will be purchasing it. But now if I want
to trade it in or sell it I will have to make 4 payments (different finance co.).
You loose alot of moneh when trading in your car. Becsuse what they do with the car after is either resell it or bring it to auction
Could you elaborate a bit more on the $5,500 charge? Is it a combination of your last 4 payments and some fees? or does it not even include your last 4 payments? There should not be a fee that high for simply trading in the vehicle. I would recommend contacting Jeep to and asking what, if any, fees they charge for buying out a lease early. The dealership should not be charging fees in addition to what Jeep is charging.
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