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Lease Buy Back Program

Vehicle Lease Buy Back Event


If you currently have a leased vehicle, our team can help you review your lease payoff and any available equity. You can also estimate your current vehicle’s value using our trade-in tool.

1) Make a down payment on a new vehicle
2) Walk out of the dealership with a check in hand

Just fill out the form below to find out how much Lease Buy-Back Bonus cash is in your lease today! 

Vehicle Lease Buy Back Event


Lease Buy Out Form



* MSRP is the Manufacturer's Suggested Retail Price (MSRP) of the vehicle. It does not include any taxes, fees or other charges. Pricing and availability may vary based on a variety of factors, including options, dealer, specials, fees, and financing qualifications. Consult your dealer for actual price and complete details. Vehicles shown may have optional equipment at additional cost.
* The estimated selling price that appears after calculating dealer offers is for informational purposes, only. You may not qualify for the offers, incentives, discounts, or financing. Offers, incentives, discounts, or financing are subject to expiration and other restrictions. See dealer for qualifications and complete details.
* Images, prices, and options shown, including vehicle color, trim, options, pricing and other specifications are subject to availability, incentive offerings, current pricing and credit worthiness.
* In transit means that vehicles have been built, but have not yet arrived at your dealer. Images shown may not necessarily represent identical vehicles in transit to your dealership. See your dealer for actual price, payments and complete details. Castilone Jeep, Ram, Dodge, Chrysler of Batavia, NY
MSRP: Jeep Grand Cherokee $33,000, Jeep Cherokee $27,210, Jeep Compass $24,495, Jeep Wrangler $28,900, Jeep Renegade $22,850, Ram 1500 $32,145 Ram 2500 $35,020, Jeep Grand Cherokee L $36,995

Max payload/towing estimate ratings shown. Additional options, equipment, passengers, and cargo weight may affect payload/towing weights. See dealer for details.


Turn Your Lease Into Cash: The Castilone Lease Buy-Back Program

Are you approaching the end of your car lease? You might assume your only option is to drop the keys off and walk away, but at Castilone Chrysler Dodge Jeep Ram in Batavia, NY, you have a much more profitable choice.
Because of the high demand for quality pre-owned vehicles, your leased car, truck, or SUV could have positive equity. Through our Vehicle Lease Buy-Back Program, we want to buy your lease from you—even if you didn't originally lease it from our dealership.

Why Sell Your Leased Vehicle to Us?

Returning a lease can sometimes come with unexpected hassles, like mileage overage penalties or wear-and-tear fees. When you utilize our Buy-Back Program, you gain several massive advantages:
  • Walk Away with Equity: If your car is worth more than the residual value on your lease contract, we will pay you the difference. You can use that cash however you like, or put it toward a down payment on a brand-new vehicle.
  • Skip the Turn-In Fees: Selling your lease to us can often help you avoid those costly end-of-lease fees for minor damages or extra miles.
  • We Buy All Makes and Models: You do not have to be driving a Chrysler, Dodge, Jeep, or Ram to take advantage of this program. If it is a quality vehicle, we want it on our lot.

Three Simple Steps to Maximize Your Lease

We have made the process completely stress-free:
  1. Get an Appraisal: Bring your leased vehicle to our Batavia dealership for a quick, transparent evaluation by our acquisition experts.
  2. Review Your Offer: We will compare your vehicle's current market value against your lease payoff amount and present you with a no-obligation cash offer.
  3. Choose Your Next Adventure: Take a check and walk away, or let our team help you transition seamlessly into a new, upgraded Dodge, Jeep, or Ram.

What Is A Lease-End Buyout In New York?

While there's no singular lease buyout definition, the most common buyout option is the lease-end buyout. With a lease-end buy out, you'll need to pay what the vehicle is expected to be worth at the end of your lease period. You'll typically settle on this price before you finish your lease, and then sign when it's completed. Reasons you'd undertake a lease-end buyout include:
  • You haven't accrued a lot of repair costs while you've had the car
  • You love driving your current lease
  • There isn't another vehicle at a similar price point that you'd rather be driving
  • You're able to get a good interest rate to finance your buyout

What Is An Early Lease Buyout In New York?

Early lease buyouts aren't always possible, but when they are, they are for customers that are certain about this decision. Before you consider an early lease buyout, you'll also want to ensure that it's the right option for your Lancaster and Rochester, NY drives. Also be sure to consider the history of your lease experience, as the buyout price will be determined by:
  • The lease-end residual value on your original contract
  • The amount that remains on your lease
  • It's possible that your vehicle has depreciated more quickly than anticipated, meaning that your finance terms will have to make up the difference with each payment
Buyers typically consider this option if they're worried about surpassing their mileage restriction, not keeping up with routine maintenance, or have experienced damage that's outside of lease warranty.

New York DMV Title Transfer Questions and Answers:

The person who creates a trust is the settlor . The owner of the vehicle and the settlor of the trust can be the same person. The person or the persons who manage the property of the trust are the...
Our website has instructions to apply for a title certificate only . You receive a title certificate in the mail. You do not receive registration documents or vehicle plates. To apply for a...
Most vehicle registrations in New York State are issued for two years. If a registration is normally issued for two years, you cannot select to renew the vehicle registration for less than two...
New York State does not issue title certificates for motor vehicles of the 1972 model year or an earlier model year boats of the 1986 model year or an earlier model year boats that have a...
You can use the online service to determine if a title certificate was processed or a lien was recorded on a title certificate. To check the status online, you must have the vehicle identification...

Information About Vehicle Lease Buyout Loans From Bank Of America:

For many drivers, the end of an auto lease can mean saying goodbye to a car you love and signing a new lease agreement. But there's another option: an auto lease buyout. A lease buyout loan lets you buy the car you're already driving from the leasing company for a predetermined price. Sound interesting? Here's what you need to know about lease buyouts.

Take a fresh look at your lease contract 

Start by reviewing your original leasing agreement to determine how much it'll cost to purchase your car. Your leasing agreement should outline the residual value, or the purchase option price. If you choose to keep the car, you'll need to pay the residual value amount, plus any applicable taxes and Department of Motor Vehicles (DMV) fees. You may also pay an administrative fee that's predetermined by the leasing company, to cover transaction costs.
Keep in mind that depending on the make, model and specifics of your leasing deal, your car may be worth more or less than the residual price on the open market. The residual price:
  • Is based on previous sale prices for that specific make and model.
  • Reflects the car's demand. A popular make or model usually commands a higher residual price.
  • Is typically nonnegotiable.
Run a simple search of used-car sites, such as Edmunds.com, Cars.com or Kelley Blue Book (kbb.com), to see how your vehicle's lease buyout price compares to the open market.

Three key lease buyout considerations

If you're happy with your car's residual price, ask yourself if these other aspects of the deal work for you:
  • Have I exceeded the mileage agreement terms? If you've gone over your lease's mileage limits, you'll be subject to per-mile penalties that can add up when your lease comes to an end. For example, if you're 10,000 miles over your lease's mileage limit, you could pay a penalty as high as $2,500. That's money that could be put toward buying out your lease.
  • Is the car in good condition? When you return your car, it'll be inspected. While most leasing companies allow for imperfections due to everyday use, above-average wear and tear can cost you. These fees can range from hundreds to thousands of dollars.
  • How much will it cost to maintain? Check out independent research, like Edmunds' True Cost to Own® reports, for your make and model. Factor these expected ongoing costs into your decision to purchase your leased vehicle.

Explore your payment options

Unless you have enough cash on hand, you'll need financing. You may be able to finance the purchase by getting a loan from a bank or other finance company, as an alternative to the dealership's financing services. As with any type of loan, it's a good idea to shop around for the best interest rate and terms. Take into consideration that the annual percentage rate (APR) on a lease buyout loan is typically higher than on a new-car purchase. Also, give some thought to your desired loan term: A shorter-term loan comes with higher monthly payments, but the upside of that is lower interest charges over the life of the loan. Terms typically range from 36 to 72 months.
For help comparing loans, use the Bank of America auto loan calculator to see how different loan amounts, APRs and terms will affect your monthly payment. Also, be sure to read about how car loans work.

Seal the deal

If you decide to obtain a lease buyout loan from a bank or other finance source, you may first need to contact the leasing company to confirm the process for ending your lease. From then on, your lender's loan officers can help you determine the loan amount based on your leasing agreement and work with your leasing company directly to facilitate the buyout. When you finance this way, you'll likely be responsible for settling any fees with the DMV.
Now that you know what's involved in an auto lease buyout, it's much easier to make a smart decision that works for your budget and lifestyle–and perhaps buy that great car you're already driving.

Discover What Your Lease is Worth Today

Do not leave money on the table. Before your lease maturity date arrives, let the team at Castilone CDJR show you how much your vehicle is really worth.