Talk of The Villages Florida - View Single Post - Leased Vehicle Purchase
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Old 03-01-2022, 12:18 PM
hillyridge hillyridge is offline
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Default Jenkins Hyundai Lease Buy Out Issues

Quote:
Originally Posted by Lisanp@aol.com View Post
You might want to try calling GM Financial again and asking to speak with the lease termination department. Their response of "having no involvement" when they are the lease holder seems odd. I just bought out my lease from Nissan Financial last month. I didn't really want to, but could not find a suitable replacement vehicle at an acceptable cost right now with market conditions. The first time I called Nissan Financial, I was told go to any Nissan dealer and ask for the finance manager and they can help you complete the transaction. I tried that, and got a similar run around that you did. After waiting almost two hours at TERRIBLE JENKINS NISSAN, I walked out when they too started taking about "processing fees". I called back Nissan Financial and asked if there is any other way to go about buying out the lease and received a cheerful response of "no problem, we can do it by mail" followed by "and we can report this dealership for their inappropriate business practice". The process could not have been easier. They emailed me the payoff statement and an odometer certification certificate. I got a certified check from the bank, completed the odometer certification, and sent it all back overnight USPS Priority Mail. About 10 days later, I received a bill of sale and clean title on the vehicle in the mail. My only expense was the cost of the Priority Mail envelope.
In August my Hyundai lease ends. After reading the experiences of others I thought I should see what options I have for a buy out. First I called Hyundai Finance and they told me I had to go through the dealer (Jenkins Hyundai in Leesburg) and that was the only way I could purchase the vehicle. So I called Jenkins only to find out their computer system was down and they could not give me a buyout quote. Question: Is there something unique to Florida that the Lessee has to buy from the dealer?