I returned my HA 4xe last week. I was 2k under mileage allowance with Nittos that had plenty of life left in them. Tint, a few mods, and in pristine condition. The sales guy who processed the lease return went to one of the managers to inquire about buying it. I guess they checked the buyout amount and when he came back he told me it’s stupid how much they’re asking lol
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I think there are quite a few like this but I looked back at a lot of my contracts where I stacked a big discount and some big incentives and the buyouts aren’t that far off from market (mid 30s). With the high rent charges and fees I don’t think they’ll be holding the bag on all of these.
Of course getting that recall fixed will help so we can actually plug them in again.
My BIL works for a Stellantis dealer and sent me this last night:
On November 1, 2024 Stellantis Financial Services will begin charging dealers a $1,425 fee when a leased EV vehicle is paid off early.
We are experiencing a significant increase in leased EV vehicle payoffs within the first few months of the contract. Since there is an impact to the tax credit that SFS offers, an early termination EV Purchase Fee will be applied to all EV payoffs. This will initially be a fixed fee and will change to a dynamic fee in the future.
Providing the full tax credit of up to $7,500 on select EV’s is designed to help reduce your customers monthly payment through cap cost reduction. We are committed to providing our dealer partners the support needed to navigate these changes smoothly. Please reach out to your DRM if you have questions or need further clarification.
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Another great day to be a CDJR dealer.
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Wow, I mean there were multiple nails in the flip coffin but that’s a big one. Hard to enforce but expect more of those “I won’t sell for 90 days” contracts that have no weight.
Technically I would think there shouldn’t be an impact to the credit… but a bunch of these coming off the books I’d understand the move by the bank.
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They’re like 3 years too late.
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My 22’ with the battery issue is up in march. I also have pretty bad wobble over 60mph and it’s nearly undrivable. I’ve been through 3 dampeners and the dealers around me aren’t doing anything. I was considering lemoning it but I think I can hold out till march.
Even though I’m way under mileage at 18k, there’s nothing to be made on selling it back. I think the buyout is in the 42k range and the offers online are in the 30-35k range.
I leased it out of state, do I have to return it to that dealer when I turn it in or can I take it to a local one?
You can return to any Jeep dealer. As to the wobble, get your tires road force balanced; especially if they are the 20’s.
Anyone have any luck getting FCA to buy out remaining payment on lease due to all these crazy recalls. I only have 6 payments left would love to drop the car at a dealer and run away.
That’s not going to happen. Be careful, don’t park this lease early or you will be sent a huge early termination bill. Just wait it out.
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When do people usually return leases? The day of the last payment? I’ve leased before, but always end up leasing a new car so I’ve never actually done a proper return.
This time, I won’t be getting a new car so not too familiar with the process. I’ll be reading up on things to make sure I don’t get charged crazy fees!
On or around the lease end date per your contract. (My last payment was a month in advance of expiration.)
CCAP has a 10 day grace period. I returned my 4xe nine days post expiration.
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Probably the ones that wish to purchase their vehicle and get $7500 at POS.
Anyone doing an immediate buyout at the moment should be doing it with Ally, not SFS
Sure, that’s the obvious case. Buy are there really many people who want to OWN one of these things themselves long term? Especially at the crazy prices they’re selling for, even after you factor in the $7500 discount.
With incentives Willy’s immediate buyouts were approx 30k and Rubicon’s were low 40’s just a few months ago.
I’d snag a Willy’s at that level if incentives get there again.
I’m tracking my ex. She landed at a dealership in CT. They are asking $35k with their financing + 800 doc fees. (+1.5k w/o their financing.)
I am assuming they picked it up at auction for about 28k.
How are they going to unload it with an open fire risk recall with no remedy?
I’m considering making a cash offer to get her back. Any ideas how much?
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Might need to sit a bit before you can lowball them.
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A $1 offer is $1 too many for that situation.
Move on and pick something else up before Stellantis throws in the towel and is sold to some private equity bros.
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