Now available – Dealer Early Lease Buyout Option

As Chrysler Capital leases near maturity there may be customer interested in terminating their leases prior to the maturity date. While paying off the lease account is one way to accomplish this, to maximize opportunities Chrysler Capital has expanded the options for handling lease terminations when payments remain due.

We now offer a Dealer Lease Buyout Option, allowing dealers the ability to pull customers out of leases early in order to put them in a new CJDRF vehicle.

The Dealer Early Lease Buyout is exclusive to Chrysler Group dealers and is different from a Customer Early Termination. Below are some of the differences:

Customer Early Termination – If a customer wishes to terminate their lease more than90 days for the maturity date without paying off the account, the customer is responsible for the liability outlined on the lease contract. This liability may include a vehicle return fee, an early termination fee, all unpaid or past-due amounts, official fees and taxed and the adjusted lease balance. No inspection is necessary under this option Once the vehicle is sold at auction the proceeds from the sale will be applied to the liability owed by the customer, if applicable, and a final bill will be sent.

Dealer Early Lease Buyout – Using this option, the account will be treated as a matured lease; any applicable vehicle returna and early termination fees are waived. The dealer agrees to make the remaining payments due. The customer will remain responsible for excess mileage and wear charges as well as the disposition fee and any miscellaneous fees incurred by Chrysler Capital while the vehicle was in the customer’s possession (e.g. toll charges, parking violations, etc.).

Under the Dealer Early Lease Buyout Option, the inspection for mileage and wear will occur after the vehicle has been grounded and picked up from the dealer. The customer will receive a final bill for any applicable charges approximately 30 days later. Once all payments, fees, mileage overages and excess wear fees have been received, the account will be closed and the customer will not be responsible for potential residual deficiencies.

For a step-by-step, printable outline of the dealer process, click here.