New lease payoff and dealer buyout options on DealerCONNECT

Obtaining lease payoff and lease dealer buyout information has never been easier. Both are now available 24/7 on the Chrysler Capital Dealer Website via DealerCONNECT.

Simply log in to the Chrysler Capital Dealer Website, make your selection from the Tools drop down box and then use the customer’s account number, SSN or VIN to access the information.

Once the requested information is displayed, there is also a print function for your convenience.

When you obtain a lease payoff, it will include the contracted residual, any remaining payments, the purchase option fee and any additional fees due. Upon receipt and processing of the funds, the title is then released to the dealer. (Important note – lease payoffs should not be processed through Chrysler Direct.)

Chrysler Capital’s dealer buyout option offers the ability to pull customers out of leases early to put them into a new FCA vehicle. Early termination fees are waived, the dealer agrees to make the remaining payments and the grounded vehicle is then sold through Chrysler Direct or an auction. (Important note: lease buyouts must be grounded through Chrysler Direct.)

The customer remains responsible for any outstanding items, including excess wear, over mileage and disposition fees. (Disposition fee may be waived if the customer leases a new FCA vehicle through Chrysler Capital.)

Check out this valuable, timesaving tool now available on DealerCONNECT!