so the payoff was sent to chrysler cap on Sep 24 and is in the transaction history… but the account is still active online and i just received an October statement with due date… anyone else in the same boat, how did it resolve? thanks
I think it’s $420
It may take CCAP up to 45 days to actually close your account, it was definitely more than a month before mine closed. Others show the account being closed almost immediately after receiving payment…Its Chrysler
4XE was just delivered 2 weeks ago, and I just got a solid Vroom offer of $55,000, for my $59,625 MSRP Jeep.
Based on what I paid I could walk away with $5k profit, but really don’t want to be without a Jeep.
Debating if I try to get a last min order in for a 2021, or just wait for the 2022 order banks to open. I doubt trade in values will drop dramatically over the next few months.
Vroom won’t buy leases, so you’d need to buy it out and pay taxes on the buy out to take advantage of that offer.
I actually bought this one just for that reason. Still profit to be made after paying 6.25 sales tax
Have you gotten your registration and tags? Don’t think you can sell until the title has been issued by your state
All up and running, fully registered and on the road
One of mine took 3 months to close. The other was closed within a week.
Yep this is the issue I’m having trying to flip mine. In Cali & registration won’t be here for another 4 weeks or so
How did the tires/wheel combo make out on the trip?
What did you need to do for Cali registration? Smog test + vin verification?
Correct…if the reg was already paid for and processed by the OOS dealer (you paid title/reg in your contract). Mine was processed by dealer through QuickPlates, and needed to provide Smog/VIN check and pay tax on the $7500 rebate (about $620 iirc).
Question: For the equity on the flipped Jeeps (or any vehicle), what do you have to pay in taxes on that money?
That is a hotly debated topic without a consensus, and likely varies by state. Your best option is to consult a local CPA to evaluate your personal tax liability.
Are you aware of a thread on Leasehackr where it is hotly debated? I’ll do a search myself but if you happen to know of one, I’d love to check it out and see what folks have to say on both sides.
Found this which gives an idea of the thinking out there as to whether the equity on a lease sale is profit or a reduction in the total cost of a lease:
Not sure yet, I’ve been letting the dealer handle everything but I’m going to get in touch with QuickPlates soon to see if I can expedite the process.
Btw has anyone used CarbuyerUSA?
The stock Sahara setup worked pretty well. I picked a relatively easy trail just to be on the safe side. If I was keeping the Sahara long term, I would probably throw on some Rubi takeoffs and air down for a much more comfortable ride & better grip over rocks.