Then said they dont have a car shortage it was only in January of this year and in fact they have over 100 Stelvios in stock to lease. I called the Alfa dealer to get a feel for what’s going on: they said they absolutely need all their cars back because they’re so busy but then he proceeded to sell me on getting in to doing a deal for a new lease even though I’m 6 months out and they only pull head at 3 months.
![ally car loan payment arrangements ally car loan payment arrangements](https://esign.com/wp-content/uploads/Auto-Loan-Agreement-550x712.png)
But I’m not in a position to buy the car and resell it and hope it all works out. I have a good lease deal to get in to another car and really don’t want to wait the 5 remaining payments. I have faith the one person that said Vroom adjusted payoff and checked again but I’m not holding my breath.
![ally car loan payment arrangements ally car loan payment arrangements](https://www.ally.com/content/ally/en/content-hub/car/credit-score-needed-to-buy-a-car/_jcr_content/root/main/article/section_63bf1e88db4d3/row/column/image.img.png)
The woman was very flustered, said I had to speak to another department and I’ve been on hold with them for 1 hour 22 mins and nobody has picked up. I called Vroom to call them deceptive with them giving me an offer, then sending me a contract for sale when there’s a $7K difference. She’s the “expert” and I am confident after reading all of this she’s going to realize she has to pay 35K too…and even if I do list the car for sale at 37K it’s about $5K higher than other one on the market so no way anyone will pay that. She kept insisting over email over multiple days that her payoff is the same as mine except for possible difference of sales tax. Swapalease is obsessed and calls every day wanting me to list the car with them for $300. I had an actual dealer say they were quoted $35K buyout Went to initiate with Vroom and 8 days later they sent a contract, I got excited that it was working, and got to the bottom of the contract in very small print and said buyout is 35K you’ll owe us $7K (I can end lease for $3700) I tried to initiate process with Carvana and they wrote within 12 hours and said no we cannot move forward. I thought I was ahead of the game but like most people here have run in to all the same problems.Ģ018 Ala Romeo Stelvio live in southern CaliforniaĬarMax $26K (asked her to see what her pay off is never heard back she did say when she gave me the quote “very often you’ll find different dealer payoffs from consumer payoffs” I’m glad I found this thread, I’m not happy to find that I never should have leased from Ally. Ally will screw you over here, too, by ensuring the title takes longer to get to you than the time you have to sell the car to claw back the sales tax. Depending on your local tax codes, you may not actually owe sales tax if you hold the car for a short enough period. If you buy at your contracted RV, they will charge you sales tax. Get the person’s name and employee ID, while you’re at it, and ask them to make the note in the file that is what they told you. What date is that? Dunno, it’s not listed in the contract because Ally is a dirty company. If you turn in before that, they do not owe you the delta between wholesale and residual. Hold the vehicle until at least the first day of the last monthly period. They told me any dealer same brand will do. Get them to tell you, preferably in writing but if not, record the call (tell them you’re doing so at the start), who are acceptable appraisers. It doesn’t matter what they actually auction it for, as long as you have that appraisal, you have your number. If the wholesale value of the vehicle is greater than the residual value, they have to cut you a check for the difference. If you hold the vehicle until the last monthly period, then get the vehicle appraised by an independent appraiser who both you and Ally approve of, that establishes the wholesale value of the vehicle.
![ally car loan payment arrangements ally car loan payment arrangements](https://mlsjoxwh2dv5.i.optimole.com/cb:fJ2b~7176/w:742/h:238/q:90/f:avif/https://finmasters.com/wp-content/uploads/2023/01/Negative-Review-of-My-Ally-Auto-Loan-1.png)
I will of course not return it and buy it at my contracted RV.Ĭheck your lease document to verify this.
![ally car loan payment arrangements ally car loan payment arrangements](https://www.ally.com/resources/pres/auto/images/AAOS_Services_Slide_One.jpg)
Just wish they were straight up about it. Which I can kind of understand as they do “own” the car. So I am sure Ally wants me to “return” the car in 2 months and make their profit on resale.