Is your lease payment too high?
Are you worried that your lease payment is too high, but you still have too many payments remaining? Perhaps you went back to the dealership you bought it from to ask to trade it in for something cheaper, and they told you to come back in a year. Maybe you kindly asked them to take the vehicle back and they used the term "voluntary repossession," and nobody needs that. Stream auto outlet can help. We buy leased vehicle early. The newer, the better. With the power of negotiation, we are able to deal with the leasing company, buy your car for our inventory, and save you the headache.
Is your lease over the allowed miles?
Leasing companies try to ensure the vehicle is returned in the best possible condition. A big restriction lessees face, is mileage limitations. Leasing companies allow as low as 7,500 miles per year on their leased vehicles, but the average consumer typically drives 12,000 miles per year. That's a big leap from 7,500 miles! If you are over your miles on your lease, we can buy your leased car from the bank for our inventory, and get you out of it. Leasing companies can charge upwards of 50-cents per mile for each mile you go over on your lease. 4,500 miles over the limit, per year for 3 years is 13,500 excess miles, and can cost you upwards of $6,750 PLUS a disposition fee (or termination fee which is typically around $350). These fees can be totally avoided by allowing us to negotiate with the bank and buy the car for our inventory.
Is there excess wear and tear on your leased vehicle?
Maybe someone scratched your car in a parking lot, hit it with a shopping cart, maybe you scraped up the wheels on the curb, or backed into a pole. Things happen. Excess wear and tear is serious business to a leasing company, and lease termination inspections can come with rather large charges upwards of thousands of dollars for excess wear and tear. Lost keys can cost hundreds of dollars as well, with today's key fob technology. When you allow us to buy your leased vehicle out early from the bank, as is, you avoid facing large bills for excess wear and tear.
Need to upgrade to a larger or smaller vehicle, but you are in a lease contract?
Your family grew, your job changed, or you want something smaller, but nicer. Maybe you no longer need a car because you are going to commute by train, and maybe you don't want to wait two more years. A lot can happen in just a year and circumstances change. Changes don't always have to cost you. Allowing us to buy out your leased vehicle, gives you the freedom to get into any vehicle you want, or no vehicle at all. All you have to do is hand us the keys, and we will take care of the rest.
Why would we want to buy your lease out?
Sometimes we don't think that a $400-$500 a month payment sounds like a lot until we begin cutting the checks each month. Things change, and what might have been ideal to us in that moment, might not be practical to us anymore. That would not be so bad if we were financing the car, because we can easily sell it or trade it in, but a lease contract is a strict contract that locks you in, unless you have tens of thousands of dollars to buy the car. That's where Stream Auto Outlet comes in.
Because of strict contract rules leasing companies put in to place to ensure the maintenance of the vehicle, leased vehicles are very attractive to retailers like Stream Auto Outlet. We seek clean vehicles, with low miles. Because leasing typically allows people to afford more bells and whistles (because they are residualized), the leased vehicles we buy typically have more equipment and better amenities that our buyers seek. These are just a couple of reason why we want to buy your leased vehicle.
Rather than trying to out-bid the next dealership on a vehicle at the auto auction, having the ability to negotiate the price of a leased car with a leasing company is invaluable to us. Time negotiating a better price and more savings that we can pass on to our consumers is time much better spent, rather than bidding more at the auto auction.
To be able to get you out your lease contract fast and release you from your high payment or potentially high leasing charges that are bogging you down, is a win/win.