wangstarr03
Active Member
Hey all, I wanted to get some real world experiences for anyone who may have gone through this recently so I can plan ahead and know what to expect, especially since this is my first lease. The lease on my truck comes due September 2022 and was done through Chrysler Capital. I have 11 payments left totaling ~$8,300 and the residual value found on my lease agreement is ~$31,117. FWIW, Vroom offered me around $50k for my truck a month or two ago.
I will likely lease something else (preferably another Ram so I can at least get more use out of my wheels/tires) but may consider another make depending on what the situation looks like.. My plan is to perform a third party lease buyout (i.e. selling it) prior to lease-end. I have read that CCap has a policy which makes that difficult within 60 days - can anyone confirm/deny this? If I do this outside of 60 days is it pretty much good-to-go?
Another reality I may have to face is that we'd still be experiencing this semiconductor shortage therefore making inventory slim pickins and prices unmanageable. If that's the case I may consider purchasing my truck - what's the process for this? Do I have to specifically seek out "lease purchase" financing or does it work like any other auto loan? Do dealer lenders (i.e. CCap, for example) offer lease buyout financing? Alternatively, I assume I can simply write them a check for the residual value and be done with it?
I know this stuff might be pretty remedial for those of you who are more experienced so please take it easy on me. Appreciate any insight everyone can provide, thanks!
I will likely lease something else (preferably another Ram so I can at least get more use out of my wheels/tires) but may consider another make depending on what the situation looks like.. My plan is to perform a third party lease buyout (i.e. selling it) prior to lease-end. I have read that CCap has a policy which makes that difficult within 60 days - can anyone confirm/deny this? If I do this outside of 60 days is it pretty much good-to-go?
Another reality I may have to face is that we'd still be experiencing this semiconductor shortage therefore making inventory slim pickins and prices unmanageable. If that's the case I may consider purchasing my truck - what's the process for this? Do I have to specifically seek out "lease purchase" financing or does it work like any other auto loan? Do dealer lenders (i.e. CCap, for example) offer lease buyout financing? Alternatively, I assume I can simply write them a check for the residual value and be done with it?
I know this stuff might be pretty remedial for those of you who are more experienced so please take it easy on me. Appreciate any insight everyone can provide, thanks!