List of Lenders that Allow for Third-Party Buyouts

[forbs]

Gmtv takes released titles?

[aronchi]

we can buy ally leases…

[stk123]

I see in your profile NYC. Will it work if I am in CA?

[stk123]

I spoke with another local dealer who can take released title. It seems buying out the car (without tax) is the best in case of Ally.

[azuki]

Currently on a hyundai elantra n-line lease, looking at leasing/financing a 2023 230i. Would the best option be to pay the buyout quote from HMF, then look at trade-in with BMW dealership?

[forbs]

why not trade in direct to an Autonation BMW dealership and skip the buyout process?

[azuki]

thanks, chatting with autonation now…so now its deciding whether to do buyout and trade-in or lease sell with autonation.

[Bumboola]

Edited to move MBFS to the “do not charge different payout” via @JamesW and confirmed by @DG-X5

[AutoNinjas]

Can anyone confirm CULA does not charge a different payoff to third parties?

@RVguy

[aronchi]

it shouldnt.

[Daburgaman]

I’ve sold a few CULA leases and it’s always been the same.

[HersheySweet]

@michael

Credit Union Leasing of America - RVguy 6/15/21

@RVguy

Currently there is not a market-based price for trade ins on Bethpage leases before the termination date. After the termination date there is not an option for a trade in or 3rd party buyout. We don’t have any plans to change that but continually monitor market conditions for all of our business rules, including this one.

I haven’t heard anything contrary since.

[GarganoP]

Does carmax buy us bank leases?

[AutoNinjas]

no one can

[forbs]

Interesting twist on BMW

If in the last 6 months.

[Clutch]

Bmw dealerships have 2 different payoffs they can pull. One is the dynamic price buyout, the other is the contracted residual price buyout.
I dont think the 6 month rule is necessarily true.
Dynamic price factors MMR amongst other things.
Not sure if this is more recent over the past few weeks but have definitely seen it.
Below is an example of a lease maturing in 1 month pulled with both Dynamic Buyout and Contracted residual buyout. Contracted residual payoff is the same as customers payoff.
Dynamic would have cost the customer $1000s more.

[miswip]

Why the 2 different payoffs? I have that 2019 X5 ending 10/31 and I know what my payoff is - so if I try and sell it to the dealership (Lord willing my Jeep shows up before then), they will pay the ‘dynamic’ price?
Sorry if that’s a silly question.
I feel like this is going down to the wire for me . I’m considering buying it out just so I can have more control since I don’t yet have another vehicle.
But, of course, the local BMW would LOVE to have it. … or so they tell me on paper, email, phone calls…

[p2m]

Did Hyundai Motor Finance start allowing third party lease buyouts? I’m working with ALGO on my 2022 Sonata Hybrid and they’re saying Hyundai is allowing third party buyouts now.
Also appreciate any inputs on ALGO and if anyone has worked with them. Thanks!

[HersheySweet]

Sold One to ALGo

We have a Vroom, Carvana, etc threads going so why not ALGo. In NJ and Eastern PA, there is a Carmax-esque dealership chain called AutoLenders. They’re no negotiation and used to specialize in off-lease luxury cars, but they’ve shifted more to mainstream brands over the past couple years. Recently, they launched ALGo which competes directly with Carvana and Vroom. I’d venture to guess they plan on doing nationwide online sales soon. You submit an appraisal online, schedule a FaceTime apprai…

Here is Algo’s review thread.

Re: HMF, I personally haven’t seen anything come up on LH, but that doesn’t mean their internal policy hasn’t changed to allow buyouts.

[spaceworm]

Several months ago, I helped a friend sell their leased Hyundai Tucson to ALGO, so it’s not a new policy.