About a month ago
I am pretty sure it was on the 1st of this month. Or at least thatâs when I noticed it when I checked my account. Was in the process of selling it to Give Me The Vin and ordering an MP3 on a purchase. I think I am stuck now because Tesla gives out horrible trade in values.
2 Likes
that sucks. there were lots of posts about how to sell teslas to third parties and leasing was not on any of them though.
I got my car in Cali. I wasnât going to get the tax credit because it ran out so quick due to the unit cap. So CA gives you a 2k check for driving a electric car. I knew Iâd have equity even on the lease so my plan was to lease it, get the 2k and then sell it off Jan 2022 for what looked like to be 4k in equity and do a purchase on a MP3 with whatever tax credit the gov decided to vote on. That plan was working perfectly until this BS. Lease payment is only $499.
I thought CVRP requires you to keep the car like 3 years at least or you can get slapped?
30 months in fact.
TFS allows 3rd party-- does that include all dealerships that do not sell Toyotas?
Attempting to buy a different vehicle and the dealership is telling me they cannot take my lease trade and that I can only trade in at a Toyota dealership or CarMax.
Iâll happily take it to CarMax, but was hoping to help out with my tax liability on the new purchase a bit by just trading it in there (assuming their offer was in line with Carmax)
Thanks All!
That should apply to all dealerships. If CarMax can buy it, they too should be able to, unless itâs an internal restriction on buy outs rather than on TFSâs side.
1 Like
Yep Hyunda/Kia Finance no longer work with Carvana. What a shame.
Carvana offering 19.5k for a 2020 FORTE with 33k miles. Insane. 5.5k over buyout price.
But this garbage car is now in the shop anyway with a blown CVT. Also Kia refuses to pay rental fees for a under warranty car. So im going to be paying thousands in rental car fees while its in the shop two months. Or I have to just buy another car and pay on both.
Never ever ever lease or buy a Kia/Hyundai.
1 Like
I just tried to sell a Jeep leased through US Bank to a third party VW dealer that had no relationship with US Bank and dealer buy out number given was about $13k higher than it would be for me. Not sure if this was a recent change in US Bank policy or just varies by dealer. Now trying to figure out if there is any third party that US Bank wonât hit with that higher buyout (Jeep dealer? Carmax?) or if I just need to buy the car myself and sell it later onâŚ
Nope, pretty on-brand
1 Like
Just sold a '21 Kia forte GT to a Kia dealer. Couldnât sell to carvana sadly, who was offering $25,400. Dealer gave me $25k, pretty fair and I donât have to take pictures and coordinate a pickup, etc
I thought only MB dealers can buyout MB leases? Wholesale has the option?
They probably have a relationship with an MB dealer for handling the buy out.
The wholesaler buys through the MB dealers tax Id?
No, they have the mb dealer buy it out
Iâm a noob in this thread. Have a BMW lease with condiderable equity that I plan to trade in towards a brand new Audi purchase. Is this considered third party and BMW doesnât allow it?
cor
Correct, you can get yourself a nice shiny M Class though instead? 
1 Like
So I can buy out the car myself and then trade in? Have had many bimmers so wanna try a different brand
Yup. Once you buy it, you fan sell to whomever youâd like.
2 Likes