This is not true, unless it’s a very recent change. I sold my palisade to carvana in March in FL without issue.
It is true that you have to go through a dealer to purchase it yourself though. Hyundai financial would not provide me with a 3rd party buy out (although carvana was able to look it up directly) without going through a dealer though.
Same here, however the dealer got the same payoff as me down to the penny when they called. BMW would not give me the dealer payoff so I was worried, but it came back the same for them (3rd party car buying service). My experience on 6/14/21
Interesting … had the same scenario but Carvana asked for a buyout letter and Hyundai wouldn’t give it, so we dropped it and returned the lease instead. #facepalm
Yah, carvana asks for it as part of their standard process for every lease, but if you actually get someone on the phone at carvana and ask them to look it up, they can pull it up.
Algo and CarMax both told me NMAC (Nissan) does not allow third party buyouts even at higher prices. They changed their policy in May 2021. The only options are to sell it to a Nissan dealer (all I’ve checked with are paying $2000-$3000 less) or to buy it out yourself and wait to receive the title and sell it.
I’m still trying to figure out the tax situation in NY, if anyone knows please share.
Us bank charges market rate. If the market rate is much higher than the rv because the car has more equity, the delta between the personal pay off and then3rd party pay off will naturally be much larger.
That’s not true for US Bank and Jeep at least. 3rd party payoff was same as mine less taxes. That’s why I’m wondering what car he got the quote for. Sounds like it depends on the brand.