Find a dealership that deals with US bank. I traded in my 2017 Ram lease to a Toyota dealership and there were no shenanigans such as different buy out prices or remaining payments…
I had the same situation with Usbank I had to buy the car myself and then sell it to carvana for a profit
Do you live in a state with no sales tax?
With my buy out amount plus 7.5% sales tax it’s not possible for me to make a profit…
I have to pay 7% sale tax but had 5500 on equity
Hi, I’m in the same situation as with what u did. Wanted to ask you how long it took us bank to send you the title after you purchased the vehicle. I can make 3grand profit with Carvana but just wanted to ask you how the whole process went for u?
Thanks
I received the title after 10 days then I had to take it to tag agency and get a title under my name they gave me the new title the same day
Nice… wonder how you did it…
Checked with Carvana again and they dropped the appraisal to $30,200… down from $31,500…
If I purchased it from US Bank for $31,750 then I will end up paying $1550 extra to end the lease… Jeep is bad in holding its value!
what’s the model and year of your vehicle? it’s a nice 3k profit!
It’s a 2017 JGC limited. Buy out with us bank is 22,500 with all taxes included. Carvana offered 25,500. Has only 28,000 miles.
mine is 2018 JGC with onlyh 13500 miles and 11 months to go…
did you negotiate with US Bank for the buy out value? they seems to ask for more for my car… it’s really not worth it. Just checked with Carvana again and they lowered their offer by $1000 which makes the deal worse.
No negotiation, just had a low buyout price in my lease contract. I Just made my last lease payment with US bank so will buy it out and sell it.
The tag agency didn’t hit you with any other taxes or fees than what you Already paid us bank?
Buy it out and sell it to carvana afterwards
I had to pay like 110 to transfer the title to my name and also getting it the same day
Thanks Eldamian. Appreciate all the info and will proceed
I had this happen to me. My Infiniti dealership said I would have to pay what the RV was plus the additional payments of the lease plus taxes. They were smoking the good stuff apparently. I sold it to Vroom what my payoff was and that was it.
can you provide more details? Does Nissan allow you to see to Vroom?
Did you buy it out before you sell to Vroom?
Vroom buys Nissan leases. I didn’t have to buy it out. Vroom got my payoff amount and did all the work.
