Ally Bank - 2019 Jeep Wrangler Unlimited Sport

Ask the Hackrs Buy/Finance
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Hello,
I have a 2019 Wrangler Unlimited that only has 11,500 miles and is in excellent condition. Which by the way I used this site to negotiate back then. So thank you very much!!! I submitted a quote to equityhackr which was sent to autoleaseninjas and they told me that they cannot make me an offer since my lease is through Ally Bank and they have “heavy restrictions”.

Here is info on my Jeep:
Lease Payments: $442.14
Lease Term: 2 months remaining
Buyout: $32,712.68
Miles: 11,500
2019 Jeep Wrangler Unlimited Sport S
Blue with hard top, touchscreen display, floor mats, no add’l features/options

I ran a quote through KBB and they came back with $38,300. One of the dealerships contacted me and said they could probably offer me more than the quote on KBB.

So here are my questions:

  1. Is it true that I am stuck and nobody can by my lease out since it’s through Ally Bank?
  2. Is it worth it for me to purchase my Jeep then sell it back to the dealer for profit? What are the pros/cons to this?
  3. I am looking to get into a Wrangler 4xe, but I am in no rush and could wait if need be. If I do this I may ask Ally for a lease extension up to 6 months (if possible). Would this be the suggested route if I do wait on a 4xe?
  4. Even though I do not own the vehicle, could I use it as a trade in for leverage on leasing a 4xe?

Thank you in advance for any information that is provided!

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Ally is indeed a pain to try to deal with and are a killer with 3rd party buyouts.

Id start the buy out now, order a 4xe, and then sell it when the 4xe shows up. No need to sell to the same dealer youre getting the 4xe from, unless they offer you the same or better than other options.

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3

This big “problem” with buying out your lease and then selling is that you have to pay sales tax on the buyout price. Through some lenders who charge the same amount to a 3rd party dealers can avoid paying sales tax. Ally bank makes 3rd party buyouts difficult. I second the above post. Order a 4xe, buy your current Jeep. Sell when the 4xe arrives. While you have some extra cash from the equity I would recommend a one pay lease on the 4xe. It will save you some money.

Did you check more than just KBB for a buyout quote? You might have better luck elsewhere.

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@mllcb42 and @1jarretts thank you very much for your feedback! I will look into purchasing it outright and thank you for the one pay lease option. I looked it up and it sounds worth looking into at least.

I checked other sites and KBB was offering the most by $2-4k.

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