So, you’re saying contracts are meaningless?? She could AND SHOULD take them to court. I would sue the bejeezus out of them, if they tried ANYTHING FUNNY. A contract is LOCKED IN STONE. Not only would I sue them, but I would prosecute them for FRAUD and MALFEASENCE!! They can’t “charge” anything, if the person opts to buy the vehicle. They can only “charge” if you are returning the vehicle to them. If she opts to buy the vehicle, then she could literally set the car on fire, if she so wishes. It is *HER CAR* at that point! When she comes up with the money they have to take it, give her, *HER* car, and then shut the F up!
@@747-pilot Exactly. Lease buyouts are the best trend going. Plus equity from a lease in this market. The leasing company must honor the buyout pricing. That's a binding contract.
I called my dealer and the financier said i can buy with a third party lender and avoid dealership fees. I went with Tresl and they handle everything. Not all companies will do this in Florida but this company does
This is why I have no problem when I buy my next car. It will be a Tesla and I will be paying over double what I would pay from the dealership cause it's gonna be new. Won't have to support this corruption.
Some leasing companies are part of the manufacturing body, just like the dealership. GM, VW, Honda and others don't allow third-party lease buyouts. However, they do have to honor the lease agreement. Get an attorney and they'll back you up if you run into resistance.
@@privatenosey There was a piece on my local news about what VW dealers have been doing. They even got reprimanded by the corporate offices of VW, but it's probably a front or VW is powerless to stop them. You need to get an attorney to enforce breach of contract. You have the right to bring your own financing through your own bank. The attorneys can force them. But the dealership may not budge (even when they know they're breaking the law) until they see the legal suit from an attorney. They're betting that you cannot afford an attorney to hold them liable for their foul play. There's ways to get letters written on your behalf really cheap. Consult local law firms.
@@privatenosey I agree. It's terribly unfair and egregious. You're not the first whom this has happened to. Sadly, the reality is that there's immoral people out there to where one is forced to fight back. It is BS to be sure. You're unlucky with a bad dealer. But you can win this.
@@privatenosey No dealer fees. I'm too experienced and honed in for any of that. What they try to do is get you to finance through them with added interest rates beyond what you actually qualify for. They'll pocket the difference. If that doesn't work, they will try and add on other services. Some (like extended factory warranty) are worth it and others maybe not. Be prudent.
@Newkirk This is false. You don't know what you're saying and you're not up on current market conditions. I just did my lease buyout yesterday (Cadillac, through GM Financial who stopped 3rd party buyouts) and actually benefitted tremendously with lease equity due to this market. Best finance rate ever and now have a car well under current market value. Dealer is contractually obligated to lease buyout price, which was just over $10k in plus equity on a lease, to where I paid far less than purchasing price in the first place. Plus equity on a lease was unheard of until this market. Residual utopia. I'm elated. (Some people aren't understanding this rare advantage.)
I can't wait until we can all just buy or lease vehicles online through the blockchain. Haha, nobody likes having to purchase through a dealership. Recently We were able to just get a check from the bank but first we thought a dealership might offer a lower rate. Went there, had bad vibes all around, and they wanted to charge a $1,999 inspection fee. Just go through the banks. I can't wait for classic dealerships to close down.
@@kevs2good133 The first piece is right up there on that worst list. In this market the smart money is on lease buyouts. @lothean doesn't know what they're talking about.
You're mistaken. Buyout pricing is far less than the current value of the car. The smart money is on lease buyouts. That's why smart people are doing them everyday.
In the current market lease buyouts are the hottest trend because that's the smartest money. Plus equity on a leased vehicle? Sign me up. I gained $10k on the buyout price. Residual gain to me. There's no better way to do it. Not in this market. Any other way is a fool's errand.
The only reason they are Honoring the contracts is because you expose them.
So, you’re saying contracts are meaningless?? She could AND SHOULD take them to court. I would sue the bejeezus out of them, if they tried ANYTHING FUNNY. A contract is LOCKED IN STONE.
Not only would I sue them, but I would prosecute them for FRAUD and MALFEASENCE!!
They can’t “charge” anything, if the person opts to buy the vehicle. They can only “charge” if you are returning the vehicle to them. If she opts to buy the vehicle, then she could literally set the car on fire, if she so wishes.
It is *HER CAR* at that point! When she comes up with the money they have to take it, give her, *HER* car, and then shut the F up!
@@747-pilot
Exactly. Lease buyouts are the best trend going. Plus equity from a lease in this market. The leasing company must honor the buyout pricing. That's a binding contract.
These big dealerships acting like vultures, come on! This is the first time that lease holders buying their car back gets some benefit.
I called my dealer and the financier said i can buy with a third party lender and avoid dealership fees. I went with Tresl and they handle everything.
Not all companies will do this in Florida but this company does
This is why I have no problem when I buy my next car. It will be a Tesla and I will be paying over double what I would pay from the dealership cause it's gonna be new. Won't have to support this corruption.
Definitely buying out my lease without the dealer.
Some leasing companies are part of the manufacturing body, just like the dealership.
GM, VW, Honda and others don't allow third-party lease buyouts. However, they do have to honor the lease agreement. Get an attorney and they'll back you up if you run into resistance.
@@privatenosey
There was a piece on my local news about what VW dealers have been doing. They even got reprimanded by the corporate offices of VW, but it's probably a front or VW is powerless to stop them.
You need to get an attorney to enforce breach of contract. You have the right to bring your own financing through your own bank. The attorneys can force them. But the dealership may not budge (even when they know they're breaking the law) until they see the legal suit from an attorney. They're betting that you cannot afford an attorney to hold them liable for their foul play.
There's ways to get letters written on your behalf really cheap. Consult local law firms.
@@privatenosey
I agree. It's terribly unfair and egregious. You're not the first whom this has happened to. Sadly, the reality is that there's immoral people out there to where one is forced to fight back.
It is BS to be sure. You're unlucky with a bad dealer. But you can win this.
@@privatenosey
No dealer fees. I'm too experienced and honed in for any of that. What they try to do is get you to finance through them with added interest rates beyond what you actually qualify for. They'll pocket the difference.
If that doesn't work, they will try and add on other services. Some (like extended factory warranty) are worth it and others maybe not. Be prudent.
@@privatenosey
Yes, ABC, and in my area. WPLG 10, did a piece on Gunther Volkswagen and what they were trying with one customer.
I'm currently dealing with this with Lexus Of Winter Park. Absolute con artists.
How evil can they be
Leases are a great way to throw money away year after year.
Most people can't afford to purchase property without a loan/lease agreement😒
@Newkirk
This is false. You don't know what you're saying and you're not up on current market conditions.
I just did my lease buyout yesterday (Cadillac, through GM Financial who stopped 3rd party buyouts) and actually benefitted tremendously with lease equity due to this market.
Best finance rate ever and now have a car well under current market value. Dealer is contractually obligated to lease buyout price, which was just over $10k in plus equity on a lease, to where I paid far less than purchasing price in the first place.
Plus equity on a lease was unheard of until this market. Residual utopia. I'm elated.
(Some people aren't understanding this rare advantage.)
@@terryterrific3955 that means you can’t buy a car at that price!!!
But you can buy a chipper car !!! Just saying!
Is it legal for a dealer to charge you a “dealer fee” after buying your car out of your lease
No. It is not legal for them to do anything not expressly stipulated within the contract.
Call corp and complain
your car lease has nothing to do with your car dealer!!! It's between you and the lease company
I can't wait until we can all just buy or lease vehicles online through the blockchain. Haha, nobody likes having to purchase through a dealership. Recently We were able to just get a check from the bank but first we thought a dealership might offer a lower rate. Went there, had bad vibes all around, and they wanted to charge a $1,999 inspection fee. Just go through the banks. I can't wait for classic dealerships to close down.
Once again. The backwards thinking of the floridian law.makers.
Not backward, power and money hungry.
Words to live buy:
Never lease
Never buy into an HOA neighborhood
Pay in cash, never credit
Amen! Excellent advice we live by!
Literally the last piece of “advice” is the worst idea lol
@@kevs2good133
The first piece is right up there on that worst list. In this market the smart money is on lease buyouts. @lothean doesn't know what they're talking about.
Once you put in your mind that its a man eat man society then yes you will be carful dealing with the vampires
Imagine paying 3 year lease then buyout over 6 years finance… almost paying a decade for a Nissan.
You're mistaken. Buyout pricing is far less than the current value of the car. The smart money is on lease buyouts. That's why smart people are doing them everyday.
Car leases and time shares are a couple good ways to waste money.
In the current market lease buyouts are the hottest trend because that's the smartest money. Plus equity on a leased vehicle? Sign me up. I gained $10k on the buyout price. Residual gain to me.
There's no better way to do it. Not in this market. Any other way is a fool's errand.
WHY EVEN BUYING A NISSAN CAR!!! they have the worst transmission aver make in the car industry.