Based on my experience with Anthony L., I would NOT recommend this company to buy out your vehicle Lease. First time I've ever leased and not purchased from the start (my first mistake, but that's on me and the dealership, nothing to do with this company). I was referred to this company by my credit union, Alliant, through whom I have purchased many vehicles over the years, and had nothing but good experiences with. Very disappointed that they have chosen to partner with this company for lease buyouts.
In a nutshell, Anthony is a very fast talker, which rubbed me the wrong way from the start. Extremely pushy. Also, while he tries to present himself as being helpful, I realized over my three or four conversations with him, that he was making statements that were unfounded in an attempt to scare the consumer into signing quickly before doing their research. For example "If you go past your lease end, they can charge you all kinds of Late fees, $50, $100/day or more." Now, this may be the case somewhere, but when I spoke to the Lease end Department of my lessee bank (Chase), they told me that I could extend my lease up to six months, and there is a 10-day grace period at the end of the Lease to get it converted to a Loan without Late charges. Next, Anthony was trying to push me into buying an extended warranty on a car that probably doesn't need one, and for some things that will still be covered under the Manufacturer's warranty. When I asked him to send me the paperwork without the Warranty, so I could send back the one I decided on, he gave some lame excuse like "Well, not to be cheap, but it costs us $75 to send these FedEx packages". Well, in retrospect, I believe that Anthony makes a nice commission on those Warranties, and he didn't want to give me the option to exclude it. He threw it in at the end of our initial call, only gave the option of the highest cost warranty offered by the company they work with, and continued to try to sell and pressure me into it with every phone call. Next, I told him that, as an accountant who is familiar with purchase/lease/loan documents, I was having trouble reconciling the numbers on the contract he sent me. He kept insisting that all the extra fees, aside from the "discounted" $500 commission he was making "and that's all I'm making on this", were required by the State of CA, and that Chase Bank doesn't have the authority to file the necessary paperwork with the State of CA to transfer title, pay tax etc. Well, after doing my research with Chase Bank, CA DMV, and AAA DMV services, that's a flat out lie. Either Anthony really doesn't know the process, or there are extra fees involved with going outside the current Lessor Bank and/or State of CA, and/or this company is adding scam fees into the contract. Either way, I'm saving over $5K over the life of the loan by sticking with Chase, the paperwork was much simpler, and all I had to do was renew my DMV tags for $300. No, I didn't get the warranty. But I still saved $3K in addition to that $2K. Payment is still $40/mo. less than it would have been without warranty, for 72 mos. Their contract was wrong, even the Sales tax was overcharged.
Glad I didn't do business with this company and he didn't get his commission. Waste of my time. My advice: Definitely get a quote from your current Lessor bank or another financial institution, compare the numbers, and make them explain any discrepancies. And don't fall for the lies they might try to tell you, or extended warranties that you don't need or can't afford. read more