Small price to pay for a car from this century?
ideally, it would be better to wait it out in hopes that pricing dips for this market, but that also means any built equity in the GX is likely to diminish as well. very rare youâd win at both - especially at $7k, and now with MyCarAuction offering roughly a $9-10k payout, thatâs hard to turn down.
i was using the XC90 as an example - but iâm not limited to it especially if the pricing isnt right. i can jump back into a leftover '21 GX for not too much more than my current one now at $635 - it is my last option after speaking with a couple dealers here who have the same Prem Plus w/captains and Sport package available. equity used toward a leftover '21 would be $2-3k in total payments across the term, so I still pocket at worse $4k by choosing a leftover. seems like a win-win to me
understated!! the '22 does have a better infotainment upgrade to span the next couple years while they intro the new generation - but you can still tell itâs dated
itâs not a deal breaker for me to stick with a '21 tho, since I have the plug-in module for apple carplay and can easily swap it over if it comes to that
Same thing for me - when I was researching turning in a lease for positive equity vs what it would cost for a new lease, I found that after accounting for the higher monthly payment, I was still coming out thousands ahead and also starting over with a brand new car. I did a lot of research, a lot of contacting dealers directly, and finally getting a pretty decent deal via a lease broker. In each case I came out at least $3000 ahead which is pretty good. 
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UPDATE - TESLA no longer allowing third party lease buyouts.
In California, no one will pay off a Chrysler Capital lease except a Chrysler dealer? So for non-Chrysler dealers, I have to pay off Chrysler Capital first, get the lessor title with lessor release, and then sell to a company that will take a lessor title which currently is only My Car Auction? Or else I have to get title in my name from the DMV and pay sales tax or hope to get approved tax exemption or tax refund? Sounds like a big headache in California.
Where are you getting this information from?
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CCAP still allows 3rd party buyouts by all accounts Iâve seen.
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Who told you that? Unless a policy change for Nov, CCAP was one of the few who allowed it.
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It wasnât that CCAP isnât allowing 3rd party buyouts. People were saying the companies buying such as Carmax wouldnât buy a CCAP lease. Thatâs why people were having trouble with California sales tax and exemption, because the companies wouldnât buy the CCAP lease. Did I misunderstand? Are there companies buying CCAP leases in California?
Yes, most everyone.
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Sorry for my misunderstanding. Iâm glad to hear many companies are buying out CCAP leases in California.
Naturally you will want to confirm with the 3rd party lease buyout companies before you go through the process but it sounds like CCAP leases can be purchased. Doesnât hurt to check the prices from 5 or 6 of the car buying companies. You may even find that MyCarAuction will offer the highest amount even if you have other options. Good luck
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Anyone have any luck with Kia lease buyout in the northeast? Carmax, carvana, algo all said they wonât deal with them. Kia finance did say they allow 3rd party buyouts but canât find anyone to actually do it.
try GiveMeTheVin, Hyundai Kia have been notoriously slow for titles and those âbuyersâ noticed it.
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When did ALGO tell you they couldnât buyout Kia leases? I received an email from them on 11/1 saying Hyundai made changes to their policy and they can now buyout Hyundai leases. You may want to check with them again if you talked to them last month to see if they can buyout Kia leases now.
stopped on 9/1.
Called Algo today and the girl said they no longer deal with Kia. It seems like things are changing by the day/who you talk to. Guess ymmv.
I started process two days ago and Algo go payoff from kia and schedule for pick up Monday w transportation company and told me they got the check ready this afternoon. 1st they got my payoff on contract and then they change to dealer pay off. 11/9/21 driver came home with check and picked up my forte. Smooth process.
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