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Old 07-08-2011, 09:07 AM   #67
Shifty 6
 
Drives: 2010 GTI
Join Date: Jun 2008
Location: Morton, IL
Posts: 679
Good golly, where to start with ALL of the mis-information?????

This is done tens of thousands of times a day. The Ford dealer is being a tool about this. Here is how it works...

The Chevy dealer calls up Ford Motor Co. (or the leasing div.) "we are purchasing this car, vin # XXXXXX." Ford " okay send us a check for, $XXXX.XX" Chevy dealer, "Okay, I'll let our title clerk know. Thank you and have a great day"

You can trade a car leased, owned, or still making payments on it. In a lease you have to fulfill the lease obligation. So if this was a 36 month lease, and he says this mustang sucks I need a Camaro 12 months into the lease, the payoff for the lease is 24 months of payments AND one of 2 options; 1) they can pay the residual value, or 2) they can negotiate a lower amount with FOMOCredit.

Ford "Could" have in thEIR agreement that it has to be turned into a ford dealer, I am fairly certain GM still does as well. Sometimes it happens, sometimes it doesn't.

The fact of the matter is, the Chevy dealer who agreed to this whole thing....agreed to this whole thing. Now several weeks later they have discovered an error on THEIR part, and want someone else to be responsible for THEIR error. I wish someone would take responsibility for all the errors I make and I could get a do-over so I came out ahead.

Regarding the "ownership" of a leased car. Yes he can do WHATEVER he wants to it. THERE are caveats; it may need to be returned to original condition. Meaning, he can't cut the roof off. However, he can make modifications, and the dealer CAN accept them. that is the same case for a car he owns. The dealer doesn't have to accept a car with modifications, and the last time I checked, the dealer doesn't have to accept a trade at all. In fact I think, at least in Illinois, they don't even have to sell the car the buyer wants to buy.

To the OP, the chevy dealer has assumed the lease. If they want to turn their car into the Ford dealer they have every oportunity to do so.
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