I have a 2021 Jeep Compass. I extended my lease 5 months ago hoping rates would come down at least a little but they did not. Whatever. Anyway. I was going to buy out my car so that I could eventually not have any more payments. I received the payoff letter from Chrysler and it states the following. Purchase Price: 15,751.51 purchase option fee 350 sales tax 1,043.54 for a total of 17,145.05. I need financing and Chrysler doesn’t have rates below 10% so I called the person who leased me the vehicle. They said in order to finance there are additional fees and such. She is telling me that the full buyout of my car would be $20,141. I’m trying to figure out what the other 3k in fees are. Should I buy this out? My thought process was buy this out. Pay it off quicker than the term and then when rates get to be much better, give this car to my gf and buy a truck. Thoughts?
Submitted July 17, 2024 at 06:07PM by That_Gamer_Guy94 https://ift.tt/tJNo8ej
