End of my lease. Finance co. charge to dealers if trading in.
10

Asked by mingya Sep 01, 2016 at 08:07 AM about the 2013 Jeep Wrangler Sahara 4WD

Question type: Shopping & Pricing

Just looking to find out if the norm for a finance co. to charge any dealer
$5500.00 over my residual value if I want to trade it in. My vehc. is selling for
an average of $7000+ over my residual value on car guru. Pretty much
stopping me from trading it in, unless I want to take a big hit on what I can
possibly make on the car. So of coarse I will be purchasing it. But now if I want
to trade it in or sell it I will have to make 4 payments (different finance co.).

2 Answers
5

ForThePeopleMotors answered 8 years ago

You loose alot of moneh when trading in your car. Becsuse what they do with the car after is either resell it or bring it to auction

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DanDiCienzo answered 8 years ago

Could you elaborate a bit more on the $5,500 charge? Is it a combination of your last 4 payments and some fees? or does it not even include your last 4 payments? There should not be a fee that high for simply trading in the vehicle. I would recommend contacting Jeep to and asking what, if any, fees they charge for buying out a lease early. The dealership should not be charging fees in addition to what Jeep is charging.

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