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's not sending you the letter out of the goodness of his heart in order to do you a favor.
The dealer is doing his own wallet a favor, and not yours.
Used cars/trucks are often more of a profit margin for the dealer than new ones.
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.
Dealer wallet wins = 2
Your wallet wins = 0
Pretty straightforward.
If this is a Chrysler lease and if they have gone to the way Ford does it they do not keep the lease turn in. They all go to auction.
But the marketing part is no different than the wireless companies. With Verizon you upgrade your phone and they have you for another two years.
