Advice for getting out of lease early

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1

Hey guys

Looking for a little insight/advice on getting out of a lease.

We have a 2017 Jeep Grand Cherokee Altitude
-10k/36.
-Lease ends 7/2020
-Current Mileage 29,xxx (.25 overage)
-Payment $369
-Carvana offer of $24,8xx

Chrysler Capital told me that the buyout price is $27,xxx. The residual on the contact is $23,019. Can the buyout be negotiated based on the residual listed on the contract?

Options I was thinking were

  1. Negotiate buyout (if possible based on contract residual) & sell to Carvana, etc
  2. Swapalease (someone can buyout once lease is up. Is that even possible at this point?)
  3. Ride it out until the end of the term & pay mile overage(8,000-10,000k over) & disposition($400)

Any input would be greatly appreciated. Thank you!!

2

All options are broken down here. You cannot negotiate a lower buyout. It doesn’t work like that.

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3

All the info you need is in the post above. Only other thing I would say is Verify you got a dealer payoff vs personal payoff. Some automakers include sales tax in your buyout price. Vroom, carmax, carvana, etc… are consider dealers and are not required to pay sales tax.

4

And every element of this question was discussed in its own post in the past week.

Mods: :lock::pray:t2:

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