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Thread: Leased Vehicle Purchase
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Old 03-02-2022, 06:35 AM
BrianL99 BrianL99 is offline
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Originally Posted by hillyridge View Post
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?
Yes. In Florida, a "Leasing Company" cannot directly sell you a vehicle, unless they're a Licensed Dealer in FL. Also, Florida does not have a "cap" on Dealer Fees, unlike many other states.