So after just going through this with Ally, I made sure to not lease through them again. I got into a new lease through Chrysler Capital last month and asked the finance manager before signing if I would be held to any restrictions trying to trade in the lease (inflated third-party buyout), they said no + the lease prior was through Chrysler capital and I had no issues.
Shame on me for not looking at the fine print I guess. I called for my payout and they said the dealer is different.
I just asked a dealer to call and find out what the third-party buyout is since Chrysler won’t tell me. I assume it will be way up there.
Anyone else go through this with Chrysler Capital? Was the third-party buy-out crazy? When I turn into the lease would I be able to tap into any hypothetical equity?
They didn’t merge. CCAP is still a non inflated 3rd party buy out amount. your buyout may include taxes. They’ll usually give you a dealer payoff quote either to you or if you pretend to be another dealer.
Stellantis is another story, stay away if you want to sell or get out via 3rd party. Possible to CDJR dealers but also possible fees.
Looks like my contract only states there is an early termination fee. I assume that would be if I just turned in and wasn’t trading it in? Or would it get applied to the trade?
Tons of dealers don’t know the actual rules depending on the banks they usually use. Especially non CDJR banks, “we can’t buy Jeep leases” lol have heard that a lot.
