At the advice of this forum I went directly to the bank to do the transaction and skip the dealer all together and I got a response back that included a requirement that I must transact with the dealer? What gives? Dealer terms are bolded but I pasted the full terms in case there’s other details that are useful for others to see how CCAP is handling these transactions today.
Thank you for requesting the purchase price quote for your leased vehicle. The terms of this quote are as follows:
- This quote is invalid if you plan to trade this vehicle towards the purchase or lease of another vehicle. If this vehicle is being used as a trade-in, a separate dealer quote will be provided which may be different from the purchase price quote provided in this letter.
- For trade-in transactions, please have your dealer contact us at 1-855-563-5635.
- You must set up an appointment with your originating dealer, or any other original franchised dealership, to complete the purchase of this vehicle. Note that the dealer may charge a document or other administrative fee for processing such purchase (contact the dealer for the amount of any fees). The purchase price quote contained in this letter is good through 12/24/2021 and is available to you, the lessee only, for the purchase of your leased vehicle through your dealer.
Current Purchase Price
Purchase Option Fee
Other Tax (Includes Service Tax, if applicable) Unpaid Late Charges
Unpaid Monthly Payments
Unpaid Property Taxes
Unpaid Toll/Parking Violations
Sales Tax
Total Amount Due
$ 34,879.28
$ 350.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
$ 0.00
- $ 0.00
$ 35,229.28
This purchase price quote is subject to a final reconciliation and accounting, and the quoted amount may change if there are returned payments or additional fees assessed on the account within thirty (30) days of this quote. Your dealer will pay the purchase price quote amount directly to Chrysler Capital to complete the purchase transaction for the sale of this vehicle to you, the lessee. Payoffs received after the above “good through” date may be subject to additional charges. If you decide to purchase the vehicle, the title will be released once the account has been paid in full and upon verification of final payment clearance.
Your Security Deposit, if applicable, will be refunded to you after all obligations are paid under the lease agreement. This payoff amount does not deduct unearned premiums for ancillary products, such as credit life insurance, purchased and financed within the loan.
If you purchased credit insurance or any other ancillary product in connection with the lease of your vehicle, you may be entitled to a refund of unearned premiums. Please contact your dealer for details about recovering unearned premiums for credit insurance or any other ancillary product.
If you have an automated payment arrangement in place with your financial institution for this account, please instruct them to cancel future payments once you have purchased this vehicle through your dealer and your account has been paid in full.
Any sales tax collected has been based on our most current knowledge of your state and local requirements. We encourage you to contact your local taxing authority to verify if additional taxes will be due.
Discrepancies in the amount collected, as well as any invoices received by Chrysler Capital after the date of this letter, will remain your responsibility as referenced in your lease agreement. Please consult your state and local officials for tax obligations on the purchase of this vehicle.
Sincerely, Chrysler Capital
