Dealer wants to buy out my lease?
I received a letter from the owner of the local Chrysler dealer franchise. He wants to buy out the lease on my 2013 Ram 1500 and set me up with a 2015 1500 for the same payment, nothing down. Probl...
Forum Discussion
Powerdude wrote:
He would gain a newer used truck to put on his lot and sell at a profit. You would have the same payment, but for a longer time, thus guaranteeing the dealer a revenue stream for a longer period of time.
I don't understand this statement. It implies that the dealer makes revenue with every payment a purchaser makes. If that is the meaning of this statement, that is WRONG. A dealer usually makes money with any financing he arranges with a "spread" of interest from what the contract is and what a finance company or bank will buy.
