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Old 12-09-2011, 08:49 PM
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Leasing question

Did anyone notice that on the residual on their lease that there is an 10% (roughly) upcharge if you buy your JGC at the end of the lease? So take your residual then add 10% to it. I was about to sign all my papers today and thought that was a little fishy, my sales person or finance person didn't say anything about this. When I have leased in the past there was a small fee which was waved if you bought the car or leased a new one. Little to say I didn't sign the lease today until I get this worked out. Is this a Ally thing or is this a dealer thing? If they are trying to screw me I want to know.
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Old 12-10-2011, 12:35 AM
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Re: Leasing question

i'm slightly confused. Are you talking about a disposition fee? You're talking about a 10% additional to residual? so the residual is based off a 110% figure? I dont remember anything along those lines.
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Old 12-10-2011, 07:29 AM
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Re: Leasing question

I leased mine back in Oct 2011, I did not notice that charge until I got home, I called the dealer and they told me it's a fee that Ally charges to buy the Jeep directly from Ally, I would not need to use the dealer for the buyout, my residual is $21,100 and my buy out fee $2500, my past leases were only what the dealer would charge to do the paperwork, which ranged from $500-$800. The dealer also said this could be negotiated at the time the lease ends. I guess we will see!
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Old 12-10-2011, 09:13 AM
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Re: Leasing question

perfect that is exactly what I was looking for thanks Plynn7!
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Old 12-10-2011, 09:47 AM
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Re: Leasing question

Not sure if this appiles here but the last vehicle I had was a lease buyout (05 Tacoma) and I was able to negotiate directly with the lender (US Bank) when the lease ended. Got the truck appraised to be slightly less than KBB and asked for 1500 less. ended up at 40% of MSRP. This was back in late 08 when the market was starting to look iffy.
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Old 12-10-2011, 10:11 AM
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Re: Leasing question

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Originally Posted by Jeepman3ski View Post
perfect that is exactly what I was looking for thanks Plynn7!
No problem, gotta love these forums, let us know how you make out and if your dealer says the same and that the fee can be negotiated or eliminated. $2500 seems like a lot of money to do some paperwork.
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Old 12-10-2011, 10:26 AM
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Re: Leasing question

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Originally Posted by kazak View Post
Not sure if this appiles here but the last vehicle I had was a lease buyout (05 Tacoma) and I was able to negotiate directly with the lender (US Bank) when the lease ended. Got the truck appraised to be slightly less than KBB and asked for 1500 less. ended up at 40% of MSRP. This was back in late 08 when the market was starting to look iffy.
When you buy a lease out, you are buying it from the lender and not the dealer. When you lease a car, the dealer is actually selling the car to the lender and then the lender is leaseing it to you. So you would always deal with the lender when buying/negotiating your lease end. The dealer just handles the transaction for the lender and usually charges $500-$800 to do the paperwork, if you are gonna buy it. On my last lease turn in, the dealer actually bought the car from the lease company and gave me the differance on my new purchase. Residual was $19,900,book value at that time was around $30,000, so the dealer bought it from the leaseing company for $19,000 gave me $6,500 toward my new Jeep and sold my old one for $29,900, so it worked out great for me.
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Old 12-10-2011, 03:21 PM
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Re: Leasing question

I usually buy my cars at the end of the lease but off the auction. But as Ally is now taking the leases it is making it that much harder to do it. IT was much easier when Chrysler was taking car of their leases their own leasing sub. I ended up buying it outright and financing it my self. it wasnt worth dealing with Ally, and with the issues got a few more things thrown in. I thought the 10% was fricken crazy and almost walked out right there but the dealer did alot to get me the Jeep is figured it was worth working it out with her. At the end of the day got a very good price on it. Plus they gave me a good amount on my trade which was beaten up hard core. So happy Jeep man here but still working out the stupid tires psh we are giving you on/off road tire (my a..)!
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