Vroom No Longer Honoring Offers - They Are Lying About Toyota No Longer Allowing 3rd Party Dealer Buyouts

Try give me the vin. They’ve been hyper aggressive. I can pm you my guys direct line who helped me with my S60.

:chocolate_bar:

I had a deal lined up with GMTV and they backed out saying the same thing that vroom is saying… TFS wouldn’t allow it…

vroom has generally been a hit or miss thing. sure, the numbers they “quote” are the most aggressive, but they can’t actually transact, so their numbers are really worthless. their numbers are even more worthless now that NMAC, TFS, and HFS have stopped third party transfers. Pretty much all they can buy third party are chase, BMW, and i think C-cap?

i think that applies to many services that provide quotes. You can always be the cheapest in town, but will you actually follow through?

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I think Hyundai / Kia / Genesis can still do third party?

Hyundai is HMF. I assume Honda is HFS.

Carmax is muscling others out, like I said before. They got into online game late, but now are catching up.

school clapping GIF

For the folks in this thread

For TFS leases selling to a third party (vroom/carmax/Toyota dealer/etc.): Is there a minimum time before lease maturity/end date? I.e. you cannot sell to a third part within 30 or 60 days of that date? I’ve read that for other financial institutions, that might be the case.

Thanks!

This is the first I’ve heard of Honda Financial blocking third party buyouts. Is that info confirmed somewhere around here?

Hit up Duane Biggs at GiveMeTheVin.

Made my Volvo disappear when Vroom started lying, and came up to their number basically.

Overnight check, and the car is gone from my VCFS account.

EDIT: Confirmed w/ GMTV that TFS stopped allowing 3rd party lease buy-outs currently.

It’s definitely not listed. When I bought out my Porsche from Toyota financial, I couldn’t get in touch with anyone at the bank that could help and my bank couldn’t find anyone to talk to. They would only talk to the loan holder with an account number, Todd the rest of us to kick rocks.

They are very unhelpful and difficult to work with. Among the most challenging.

Done! :grinning: Couldn’t have been easier. Holding a check from CarMax for $5,867 that I wouldn’t have even known about if it weren’t for Leashackr.com. Net cost of $2,786 for 24 months or $116/mo for a $42k Taco through TFS. Amazing.

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Hi everyone,
I had some equity on my leased vehicle and Vroom offered me the highest price on the car, so I decided to sell to them.
I received an email from them today saying Toyota does not allow third party lease buyout.
I had traded in a leased vehicle from Toyota back in 2019, and did not have any problem.
Is this something new?

This is a known issue with Vroom right now.

Get an online Carmax offer and take it to them, get a check on the spot

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I just sold one to Shift yesterday, 2019 Camry leased with TFS. The process was super easy and they even matched my Vroom offer.

Vroom also backed out of my MBFS lease, said MB said they won’t allow 3rd party transfer. When I talked to MB, they said we do allow 3rd party transfer. Had a quote for my C class about $2000 over any other company, but yea…this new trend of manufacturers not allowing 3rd party buyout really sucks the fun out of leases for me.

I think the bigger trend is VROOM backing out of offers and blaming the bank instead.

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At what point do they back out? Is it safe to assume they wont back out once a contract is sent? Or is it safe once the carrier is assigned for pick up?

There’s a whole thread of people’s experiences here talking about when they backed out to pull from.

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Read alot of the thread, though I didnt see any DPs on when they backed out. But i could have missed it, it was a long thread