No this is not true whatsoever. Has been discussed many times, search. For most lenders it’s very straightforward - your net cap cost minus depreciation paid. Regardless it’s as simple as requesting your current buyout from the lender.
But Ally is different.
Trying to get rid of my Jeep lease that’s financed through Ally.
My online dashboard shows my buyout is 17,950.
Carvana offered me 19,000 then two days later says they can’t buy it bc it’s through Ally.
ALGo offered 18,750.
Went to a local dealer and they said the dealer buyout is 20,500 which is higher than what I see in my dashboard. Dealer said that’s typical?
I’m on the hook to lose money when I thought I was going to make some money. Anyone have any advice or go through something simil…
Got a question that I couldn’t answer using the search function.
Got a very good offer for my Chevy Silverado lease from ALGO.
I get a lease payoff “quote” from ally online and it says $6,600 for me to turn the vehicle in and be done with it. With that info I assumed payoff is RV +6600 so about $36000.
I called ally to get an actual payoff amount and they don’t have it, tell me to contact dealer. I contacted the dealer and they didn’t have a number but told it’s basically RV + (months remaini…
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