I searched, but couldn’t find an answer to my specific question.
With US Bank, they will give the dealer a lower price if you Lease/Loan through US Bank? This is well understood. It’s the “loyalty” price.
What I cannot find an answer to and the customer support person couldn’t clarify - Can I go buy a used vehicle and open a US Bank loan, then later sell my lease to a dealer and get the loyalty price? Or does that transaction all have to occur at once at the same dealer?
I’m aware. My US Bank lease is ending. If I can’t trade, I’m going to buy the vehicle outright (and sell later), but I do intend to buy a used vehicle, so if I can avoid the hoops of buy/register/sell and just trade I’d rather do that.
Not as bad as it was maybe a decade ago. I had got a Tundra out of state and couldn’t find a dealer to take a US bank lease. I had to call them 2x after trying 3 dealers and eventually they sent a transport service to my house to pick it up. Better yet they grounded it as of the date I called so even though they took 2 weeks to pick it up I didn’t owe another payment.
No lease end charges other than disposition fee.
Ymmv but they’re not as bad as the horrors of long ago. @Jrouleau426 can attest too.
Looks like your pretty familiar with US Bank leases on the tundras. I got one of the smoking 265 a month lease with us bank and now my six months extension is up. Is the best play to just buy for the 37k residual price/41k with taxes. It seems no dealer is dropping below msrp so no true way to roll equity into a new deal.
New to the lease game but it appears this might be one that makes sense to buy it out and ride while the market cools. there will always be a market for used trucks? agree?