I recently made my last lease payment on my CPO 2015 Jaguar F-Type 340hp Convertible. I was considering selling to VROOM until I got the Payoff Amount from US Bank. Here’s the breakdown:
CA State Tax: $3,706.91
Purchase Option Fee: $385.88
Total Payoff: $40,257.79
VROOM Offer: $37,065
My question is, does VROOM have to pay the tax and purchase fee?
If I’m figuring it correctly, I’m upside down $3,192.79 on the deal. If that’s the case, I’ll just turn it in and walk away.
Your payoff amount is not the Vroom payoff amount. The 3rd party dealer payoff amount is likely much higher than yours. See the Vroom or USBank threads.
Edit: looks like USB doesn’t sell to Vroom. OP will want to confirm
Thank you. It seems it is more hassle than it is worth.
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