VROOM Deal Clarification

Ask the Hackrs
1

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:

Residual: $36,165
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.

2

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

3

Thank you. It seems it is more hassle than it is worth.