When I turned in my leased Gen 1, I just googled the VIN. After about 2 weeks, it popped up for sale at a dealership about 200 miles away. They were asking about $10,000 less than what Ally wanted for me to keep it.Just wondering, if I have the VIN from my expired lease, is there an easy way to find it and see what it's being offered for?
I'm sure similar stories exist with leasing and could be a great way for people to buy out the car they've had (and know the history/maintenance) at extreme savings. I've never leased before but my first EV will very likely be a lease just because more great choices will/should be available within a few years. With any luck, the DCFC charging infrastructure will also be more readily available in the Midwest.When I turned in my leased Gen 1, I just googled the VIN. After about 2 weeks, it popped up for sale at a dealership about 200 miles away. They were asking about $10,000 less than what Ally wanted for me to keep it.
Exactly what I'm thinking.When I turned in my leased Gen 1, I just googled the VIN. After about 2 weeks, it popped up for sale at a dealership about 200 miles away. They were asking about $10,000 less than what Ally wanted for me to keep it.
Technically in your situation your Chevy dealership sold your vehicle to Ally, Ally "rents" the vehicle to you...When the lease ends and you turn your vehicle into a dealership they're simply providing an evaluation on behalf of Ally...Majority of the time, the dealership, per Allys request, send the vehicles ASAP to auction...If that same dealership has that vehicle for sale on their lot, they purchased it from Ally...It reported the lender has an insurance policy on every leased vehicle hence why if the buy is $20K and resale is $10K they have no problem sending it to auction and cashing in on insurance...What I'm not sure about is if a dealerships wants to buy a turned it leased vehicle from the lender, what price they'd have to pay in relation to the buy out or wholesale...Perhaps the lender can sell to the dealer at wholesale and still cash in on the insurance policy...Just keep Googling the VIN. I did it with my Focus. I got $7,000 for it in trade. The dealer listed for sale at $13,000. After about 6 months it was no longer listed for sale. A month later I get a Carfax update that the car was serviced. I Googled again and saw that it had been listed at another dealer for just over $6,000. It was good to see that my dealer lost money on my deal.😁
Sent from my Moto G (4) using Tapatalk