Unfortunately they haven’t. I dealt with this last night. My personal buyout on my vehicle is 29,340 with taxes included. Went and got an appraisal at Carmax, they offered 38,400. We call for the dealer payoff and they come back at 37,571. Sure it is still a profit, but that’s a massive difference. Not sure if it’s worth financing the vehicle and then selling it, or just giving it back and being done with it. All the horror stories about how long it takes US Bank to process purchases makes me wonder if it’s worth the headache.
I had a dealer contact USBANK and the payoff for my 2018 Jeep GC was $28,000- My lease end amount was Under $18,000. I called an got my personal payoff- it was around 20,000 with taxes and fees-
I sent them a check for that amount.
Vroom was $26,000 a week or so ago-
Let’s hope that by the time I have the title I can still get a nice profit out of it.
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