Chrysler Capital Lease Buyout — Private Party + Credit Union Requires Dealer?

[jeisensc]

@fmr5000

Here’s the problem:
Grow won’t send the payoff directly to Chrysler Capital. They say it has to go through a dealer, which defeats the whole purpose of a private-party buyout (and adds fees I’m trying to avoid).

Correct - it’s FL state law.

Lease buyout at the dealer?

Florida law requires the bank to have a physical location in the state and a dealer license to sell out the lease. Most banks don’t satisfy that requirement, so it has to go through the dealer.

If the CCAP lease isn’t from a customer in PA — I understand has a similar law affecting lease buyouts — or FL, you might have a shot at accomplishing your goal.