Sold my 2019 Chrysler Pacifica Limited with 46k on it for $9k over payoff. Saw others on this thread getting pretty absurdly good offers so threw mine on their system to see what they came back with and was floored. Vroom, Algo etc were offering only about $3.5-4K over payoff so this was hard to pass up. One hour between inspection and paperwork and all is done!
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Was your lease with Chrysler capital? I was just turned away at Carmax after they called Chrysler and were told a third party buyout was not available due to “market conditions.”
Not a lease - this was a finance.
Very odd - just sold my Chrysler capital lease to carmax about 2 weeks ago with no issues.
I feel like my hands are tied. I called CCAP who gave me my payoff, and I have about $3.5K equity compared to the Carmax offer. I was expecting the dealer buyout to be different - was not expecting a flat out refusal. I the consumer cannot speak to the “dealer department”. 45 days left on lease.
Maybe it was too close to lease end?
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See if any local Chrysler dealers will buy it back.
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They probably realized they’ve been leaving money on the table but they don’t know how to get fair market value… they’re just throwing their hands up and saying whatever we get at auction is it.
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Sold my leased 2019 Volvo XC40 T5 R-Design financed through VCFS to CarMax for $5K over the payoff amount quoted by VCFS on 03/31/2021. Lease term date of 06/2021. Also received an appraisal from Carvana but Carvana sent an email to me stating: “Thank you for taking the time to submit your vehicle for a value with Carvana. At this time, we are not able to move forward with purchasing your leased vehicle as Carvana’s policy does not align with (US Bank / Nissan Motor Acceptance Corp/ Infiniti / Ford / Ally Financial/ Volvo/ Lincoln/Tesla)'s policies, and this prevents us from being able to purchase leased vehicles from this provider.”
CarMax made the process easy. The CarMax rep was very knowledgeable about the VCFS process and knew that VCFS would need to talk to me to verify the information. VCFS would only provide my payoff amount to CarMax since CarMax was not a Volvo Retailer. CarMax provided me with a check for the difference once all the paperwork was complete.
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Well this is interesting… Which Carmax did you do this at?
I just sold my Grand Cherokee lease to Carmax today and it went smoothly, including the call to CCAP.
I’ve read elsewhere that Chrysler Capital requires a dealer sale to be greater than 60 days before lease end. Sounds like you missed the window by a couple weeks.
CarMax in Hartford CT
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We sold our truck to Carvana back in March and they were $1k more than Carnax. I just check the price on my Lexus and Carvana was $4000 more! I’m in Georgia if that matters.
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I checked my Mazda CX-5 and Carvana was about $3000 more than Carmax and the same for Vroom.
Chrysler Capital doesn’t let a 3rd party purchase a lease if it’s within 60-90 days (I forget the exact amount), happened to me when I had a Jeep Grand Cherokee with $2000 in equity I couldn’t use. Last Chrysler I will ever buy just for that reason.
I have gotten quotes on my 2018 accord from all three major sites, with Carmax being the highest by $1500. My lease is up end of April and before I drive the hour + to Carmax to sell it is their anything I am missing? They are not the easiest to get on the phone.
Last week I sold my leased 2018 Honda Accord Sport to them, I drove from Long Island NY to CT & it took me 30-45 minute to finish the whole process.
No extra charges make sure you have extra keys & wheel locks for car & be ready to sell your car to them.
Their offer is valid for 7 days & their offer was 2k for than Vroom
any deductions for mileage?
No, I even put 500+ miles on the car
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