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Milwaukee, Wisconsin Jeep Car Dealers

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Buying a car from a Milwaukee Jeep Car Dealer

Milwaukee, WI Jeep Car Consumer Discussions

Re: lease buy out [ronaldc]
by seeme4jeep on Tue Feb 03 12:11:08 PST 2009
Yes, I am a salesperson at a Chrysler, Jeep, Dodge dealer in milwaukee, wi. What you received is what we call a PLPP. Preferred Lessee Purchase Price. Chrysler Financial does not want their vehicles back. They would have to pick them up from the dealers, recondition them, send them to the auction, and process all that paperwork. Chrysler would prefer to sell it to you for what they would probably get at the auto auction for it. In return they don't have to pay all the other fees attributed to a vehicle after it returns from lease. You will not be able to buy a vehicle just like yours at a dealer for the same price. It is a good idea to buy it out unless you don't like it. If you decide to buy it out all you have to do is contact a Jeep dealer and ask for a finance manager or the salesperson you bought it from. He will verify the PLPP number with Chrysler. Should only take him like 10minutes to do. I can call and get one myself in like 2 minutes. He will need your acct. # or SSN. You will have to fill out a credit application and he will get a new loan approved for you. If your buyout is $13,080 you will also have to pay a dealer service fee usually about $100-200. It's the same fee you pay when you buy a new car. 99% of dealers have them and it is a fair fee for the work they will have to do. You will also have to pay tax on the $13,080 and a DMV fee because you will be retitling the vehicle. If you were a Milwaukee resident your total buy-out would be $14,058. So don't be surprised if yours is about the same. Remember the dealer does not make any money by selling you your own car only if they sell you a new one. Don't forget to buy an extended warranty on the vehicle for peace of mind.

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