Vroom & Carvana offers on Leased Cars

k6m3w

Hi all-
As you might have guessed I got an attractive offer on my leased car (have one payment left) from Carvana and Vroom. Dealer told me however, that the offer is not valid on leased cars because the residual value/payoff amount is only applicable for lessee's and dealers. He said there would be no way they could honor that offer as they have to buy the car from VW from it's book value. Additionally, supposedly the book value is above what their offer was so he said I'd have to pay them the balance??

Anyway just curious if anyone has had issues selling a leased car to vroom/carvana? Was it a hassle with the title change, paperwork, long delays?

Thanks

kyfdx

k6m3w said:

Hi all-
As you might have guessed I got an attractive offer on my leased car (have one payment left) from Carvana and Vroom. Dealer told me however, that the offer is not valid on leased cars because the residual value/payoff amount is only applicable for lessee's and dealers. He said there would be no way they could honor that offer as they have to buy the car from VW from it's book value. Additionally, supposedly the book value is above what their offer was so he said I'd have to pay them the balance??

Anyway just curious if anyone has had issues selling a leased car to vroom/carvana? Was it a hassle with the title change, paperwork, long delays?

Thanks

VW Credit could certainly have different buyout prices for independent dealers. If they say your payoff is more than their offer, then the rest of it makes sense.