Looks like Florida Attorneys are trying to shut down unnecessary charges by the dealers for lease end buyout

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Thanks for this posting… that’s very pertinent information! :+1:
….

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Excellent to see this in motion and highlighted by the TV media

The Florida dealer groups are so powerful we’ll see what happens.

There needs to be more competition here with the rapid population growth, how can you have one Lexus and Audi dealer in a county that now has 1.5M people (Palm Beach)?

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My VA Volvo dealer also told me they could not charge their $799 on buyout.

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In the case of my wife’s Equinox and being from the state of California, we are able buy out straight from GM finance instead of going to local dealership. The pros are, no unnecessary fees or inspections but cons, we have to register ourselves at DMV. Our bank used to do the DMV registration process but no anymore. And I do not have AAA to help either. Prior to our decision to buy out and keep. I was going to use the equity from the old Equinox to lease a new one but dealership is only offering $2K. Even with all the discounts and equity a new lease would cost more than $100 monthly for less of a car (wife has loaded equinox with 2.0ltr turbo). I also tried to sell it to a third party (lease buy out) in which I could get $4K out of the deal. However, most online buying programs shied away since GM announcement to give dealerships first crack. We then decided to buyout and then sell it to third party (using the CA tax loophole) but there are not a lot of inventory or deals out there (wife wants a hybrid SUV) that makes sense to jump on. My wife is happy to keep her SUV with low monthly payments and no increase in insurance (compared to new car).

I went through the dealer so I didn’t have to deal with DMV, and only paid normal title/registration fees. And faster than dealing directly with Volvo.

The braman and autonation mafia owns this state. Whatever happens is bc they allow it.

I’ve tried to work with dealers here and they make it impossible. I’d rather ship cars for my Florida buyers

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True, plus Florida seems to attract a lot of the big money (and shady) Northeast and Midwest dealer groups that further take advantage of the fast growing, local markets.

Also noting that South Florida is literally a 10-12 hour drive to the nearest mid to big size population markets outside the state which further limits options for most of the 22M residents of the state. (Atlanta, New Orleans, Charlotte). It’s basically an in-state monopoly for dealers south of Jacksonville and East of Pensacola.

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Unless you’re an astute consumer and you just ship it or make a road trip to save a few thou. That’s if you care about a few thou. Most people here have unrealized house gains making them think they’re “rich” enough not to care…

But if you can save 4k over and 8-10 hour trip that’s $400/hr. And most people make nothing close to that.

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For sure, but it makes quite a barrier for most people with families, less mobile seniors, single parents and those with regular hour jobs to try and avoid a $799 or $995 dealer fee.

And for a Florida lease buyout it is even more murky - which lease captives will let you buyout a lease with an out of state dealer or broker? Most people aren’t going to track a real-time list by captive. And that assumes 95% even know what exactly a captive is or for that matter the ins and outs of an auto lease itself…

The other Florida dealer trick is adding in $300-400 in electronic registration fees in lieu of getting a $2 FL temp tag or a minimal registration/license transfer fee. Not sure if this is a national trend but it is becoming annoying as crap in Florida.

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Hence why buying and shipping from almost any other state makes way more sense. There’s many things Florida is great for, no personal income tax is def one. But buying a car here, no thanks. The used market is full of salvages too, don’t get me started on that one…

Salvage titles? That would never happen down in Hialeah!!

I just moved here like 18 months ago and 90% of salvages I see are Hialeah. What’s up with that? Just people driving cars they otherwise couldn’t afford? Or is it the lose/non existent inspection laws here. I’m a big anti regulation guy but brakes etc should be checked if you’re driving a 2500lb missile 90mph on 95

Ohh don’t even get me started on hialeah!! Whenever i look for a used car and see the listing location hialeah… I don’t even look at the listing doesn’t matter how lucrative the deal is :joy:

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I saw a gated r8 for like 80k last week. Drive 30 mins (my own fault) panels were all gapped and paint mismatched etc. never again

Pretty sure most of the bald and damaged tires sitting by the dumpsters at Tires Plus and Tire Kingdom end up on a pickup truck down to Hialeah

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Ohh mannn you fell for it :joy:… i came to this country in 2005 since then I’ve been living in Miami…. There is term when we were in high school car guys used to say “Hialeah stock car” :joy:

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My neighbor had a 2018 expedition at the end of lease last October. He had a written offer from Carmax for $15k profit to transfer the lease and Ford wouldn’t let him. The Ford dealership was drooling over getting back a loaded Expedition. In Orlando Florida area. Seems criminal

I don’t know about criminal, but I do agree that trying to assert contractual rights which do not exist in order to make a profit from selling someone else’s property is, at best, unethical.

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