Wife and I both have Jeep leases through Ally and want to take advantage of the equity.
2019 Grand Cherokee Limited
Personal payoff $23,532 w/ taxes
Vroom offer $36,582
Potential profit $13,050
2019 Cherokee Limited
Personal payoff $23.058 w/ taxes
Vroom offer $28,962
Potential profit $5,904
I know we can’t just trade these in because the 3rd party is different and plus Vroom doesn’t purchase leased vehicles. Last I checked dealer payoff was $38k for the G. Cherokee and $32k for the Cherokee
I guess my question is what do I need to sell the vehicles to Vroom? Do I need the title in hand? We live in NY and the DMV can take up to 3 months to mail you a title, which it may go directly to the bank and not to us depending on the lender.