[davemac616]

I got a letter tonight that includes these statements:

"Your lease is scheduled to mature April 2015...If you have any thoughts of keeping this vehicle, NOW IS THE TIME TO ACT. Due to current market conditions it is possible that we can significantly reduce the amount you must pay."
It goes on about the benefits of doing that, which are irrelevant here.

"Please have your lease account number available when you call."

It's from Sterling 925 Limited dba Lease End Services "an independent financing and leasing company."

My question is, is it possible that these guys can get me my 2012 Volt for less money than the Ally residual? Or is this merely a pitch to give me a loan for the full amount plus an "extended warranty" that the letter mentions?

 

[DonC]

In most cases I'd say it was just a way for a financing company to originate a more expensive loan. However, given the high residual value of your Volt, I'd give them a shot at trying to get it for you, assuming of course that you tried to get a more realistic number from Ally.

 

[HVolt]

Google is your friend

1.
http://www.ripoffreport.com/r/Lease...is-is-NOT-your-leasing-company-Do-not-1136093
2.
http://www.bbb.org/chicago/business...s/sterling-925-limited-in-addison-il-88079594

 

[Henry_FL]

IF you have an ALLY lease, there is NO WAY TO CHANGE THE BUYOUT ... no if's and's or butts. US BANK is playing lets make a deal, but you should always talk to the owners of the car directly, which would be US BANK in that case

 

[Miredian]

IF you have an ALLY lease, there is NO WAY TO CHANGE THE BUYOUT ... no if's and's or butts. US BANK is playing lets make a deal, but you should always talk to the owners of the car directly, which would be US BANK in that case

That's not all entirely true.......

 

[TSquare]

That's not all entirely true.......

Wait......what part?

 

[Henry_FL]

That's not all entirely true.......

From postings here is sure is, care to share what you think isn't?? Links??

 

[Miredian]

From postings here is sure is, care to share what you think isn't?? Links??

It's not what i "think" is possible, it's what I actually was able to work out on mine.

 

[davemac616]

It's not what i "think" is possible, it's what I actually was able to work out on mine.

Great. We are all anxiously waiting for your words of wisdom.

 

[DonC]

The scenario here would be that Sterling would buy the car from Ally and then resell it to the OP. That might work and would be legally quite different than the OP negotiating the residual. No idea if Ally would do that but it's worth considering. Worst that happens is that Ally says no.

 

[davemac616]

The scenario here would be that Sterling would buy the car from Ally and then resell it to the OP. That might work and would be legally quite different than the OP negotiating the residual. No idea if Ally would do that but it's worth considering. Worst that happens is that Ally says no.

Right, that's the reason I posted. Has anyone done this with this company or another?