Hi all,
trying to lease a car through a broker and the least they are offering is a little different than what ive seen before. I have not yet seen the contract, the only thing the broker tells me is that it is similar to a normal car lease with a difference that the car has to be turned back to the dealer. I cannot buy it out or trade it in at any point. Anybody knows anything about this type of lease ? This is in SoCal.
Thank you
Any more details? What type of car? Is this a broker that’s here on the forum?
is it a LH broker? What car is it?
Some banks have high residuals and third party buyout restrictions, similar to how Nissan financial structures leases
its not that complicated and didnt need a thread started…
I’ve seen a credit union do this before too. Not really a “type of lease” just a bank decision.
Is this a Jeep dealer? One dealer here in FL mentioned a similar rental lease from Stellantis a couple weeks back but didn’t have any info other than that the payments were lower but you can’t buy out.
@mllcb42 did some digging and it seemed like it is only for fleet vehicles though.
Google the lessor and see how good or bad they are about lease-end charges for excess wear and tear.
Important to consider whether this might have equity at the end. What’s the mystery car? What’s the RV?
This topic was automatically closed 60 days after the last reply. New replies are no longer allowed.