Last post on Dec 23, 2008 at 11:42 AM
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Chrysler Pacifica, Wagon, SUV
#891 of 907 "Turn In Fee"
Dec 13, 2007 (9:48 am)
I recently received a letter from Chrysler Financial outlining the procedures to return my 2005 Pacifica. My 39-month lease ends in February. Among other topics, the letter says something like, "To avoid a 'Turn-In Fee', you may lease another Chrysler vehicle ... ". What the hell is a "Turn-In Fee"?! Never heard of it before. My previous two leases were with Ford and Honda and there was no Turn-In Fee. Problem for me is there is nothing in the Chrysler line-up that interests me. I'm looking for either a crossover or Japanese sedan.
Anybody have any idea how much this is (I can't find my copy of the lease!)?
#892 of 907 Re: "Turn In Fee" [jdubb2]
Dec 15, 2007 (5:44 am)
turn in fee is usually the disposition fee, which is $425 for Chrysler. It is just the cost of returning the car without buying it. Many leases have this charge...whether it is called turn in or disposition. For Mercedes, the charge is $595
#893 of 907 Re: "Turn In Fee" [rmbalisa]
Dec 17, 2007 (7:55 am)
Thanks for the reply rmbalisa .. appreciate that. As I said, there was no Turn-in Fee on my first two leases (1 Ford and 1 Honda), so this news surprised me. I'm not happy and have instructed my dealer - who I have already purchased or leased 5 vehicles from in the past - that if they attempt to charge me this fee I will never buy from them (or Chrysler) again. My dealer informed me this fee is normally waived if you buy your next vehicle from them. Not likely since there's nothing in their line-up I like at this time with the possible exception of the 2009 Dodge Journey.
#894 of 907 Re: "Turn In Fee" [jdubb2]
Dec 31, 2007 (8:33 am)
toyota has one as well. honda and Nissan does not.
#895 of 907 Trying to "buy out" my lease - HELP!
Feb 21, 2008 (11:15 pm)
I had leased a 2007 Pacifica back in Dec 06, I'm 15 months into the lease and was able to come up with the $$$ to pay off my lease and buy the vehicle. I contacted Chrysler Financial and they stated that I had to contact the dealer where I got the car from. I did and they sayd that I had to go to Chrysler Financial to do this. After the run around and spending 3 hors on the phone between talking to India and US reps. I got a word that Chrysler Financial can't do it since they are an indirect lender, and based on Florida law they can't sell me the vehicle (but if I'm about 3 months from maturity they can, I'm confused). So they referred me back to the dealer. They (the dealer) wanted to charge me a bunch of fees, since they said ".. we do not own the car, Chrysler does, therefore we will have to buy it from Chrysler in order to sell it to you ..." and here comes the fees, inspection fees (when I already have the veichle), tags fees (when I'm already using my own tag) and taxes (when the taxes are already in the payoff quote), when it is clearly in the contract that these fees will be waived if I purchase the vehicle.. I need help on getting this resolved. Has anyone out there had the same situation in the past?, and if so how you resolved it?.
#898 of 907 Did I do the right thing?
Mar 06, 2008 (11:26 am)
Hi, I just turned in my 39 month leased Chrysler Pacifica, 2005, AWD, Touring, with all the extras. I really wanted to purchase this car, but was STRONGLY discouraged from doing so by the dealership. From what I understand about Chrsyler FInancial and Chrysler Corp., there is absolutely no negotiations on end of lease purchase price. It is was it is as was outlined in the lease. Anyway, the buyout was $21 K, which when I researched the value of the car here on Edmonds, that's exactly what came up for this car in excellent shape with only 28,000 miles. But the dealer said they were re-selling these cars for around $16 K and anyone would be a "fool" to pay 21K. So, not wanting to roll over into a Chrysler lease or buy there, I just ended up reluctantly turning the car in. Now I really wonder, Did I do the right thing? I hate the thought of pouring the money into the car and letting it go, and actually I always planned on keeping it. Any thoughts or advice would be most welcome. When does it make sense to purchase your lease?
#899 of 907 Re: Trying to "buy out" my lease - HELP! [pacifica07]
Apr 08, 2008 (1:36 am)
HI pacifica07. Why are you in such a hurry to purchase your vehicle well before the scheduled end date of your lease? You probably would be better off waiting to the very end to decide whether to purchase your Pacifica. By waiting, you have a get out of jail free card that will enable you to just walk away from your truck if it ends up having mechanical problems or being in an accident over the next year or so.
If your Pacifica doesn't have any problems and you still like it at the scheduled end of your lease, then place a call directly to Chrysler Financial to find out its exact price. Once you know exactly how much money it is going to cost you to buy your leased vehicle you need to compare it to its current value on the open market. You can find out approximately what your vehicle is worth by looking up its Edmunds.com True Market Value in the Used Vehicle Pricing section of this site. You also may want to stop by the following discussion: "Real-World Trade-In Values". If your Pacifica's purchase option price is less than it would cost you to purchase a similar used vehicle, then you should consider buying it.
Prices Paid: Buying & Leasing Experiences Forum
#900 of 907 Re: Did I do the right thing? [tellmethetruth]
Apr 08, 2008 (1:48 am)
Hi tellmethetruth. Some banks will occasionally negotiate the lease-end purchase prices of vehicles, while others will not. I am not familiar with Chrysler Financial's specific policy on this matter, but it would not surprise me at all if they refused to reduce your Pacifica's end-of-term purchase price. You definitely did the right thing by walking away from your Pacifica rather than purchasing it if you could purchase a similar used vehicle in the real world for significantly less than your leased Pacifica's purchase option price.
More often than not, vehicles' end-of-term purchase prices are too high and consumers are better off walking away from their car or truck at lease-end. By not overpaying for what essentially is a used vehicle, you weren't wasting money. You were actually saving yourself money.
Prices Paid: Buying & Leasing Experiences Forum