Should you opt to trade-in your leased Dodge or Ram for a newer model, we will essentially purchase your previously leased vehicle from Chrysler Capital and add it to our used inventory. You will receive a trade-in credit for the difference between the current vehicle's market value minus the payoff price. (This does not include any extra fees you may be charged for excess wear and use - see the Lease-End Timeline Wear & Use section for important information on avoiding unexpected additional lease-end fees.) That difference will be applied to your new Dodge or Ram lease or purchase as a down payment. If the difference turns out to be a negative number, the "negative equity" will be rolled into your new lease or purchase. In most cases, the pay-off amount is lower than your trade-in credit, adding to your amount down and reducing the monthly payments on your new lease or purchase.
If you have significant negative leased equity, you may want to choose a different lease-end option. Please contact us. We are here to help you find the optimum end-of-lease choice suited to your particular circumstances.
Your Larry H. Miller Dodge Ram Avondale sales and leasing professional will detail all the transaction figures for you. These figures will also be prominently displayed in an easy-to-read format on the new lease or purchase contract for signing. We want to ensure that the entire transaction is completely transparent, and that you understand and are completely satisfied with your Lease Trade-In offer.
Steps to follow when trading in your leased Dodge or Ram for a new lease or purchase:
- Contact the Chrysler Capital Allegiance Team at 855-383-0558 to arrange for a pre-inspection of your current vehicle.
- Schedule a Service Appointment if you want to complete any repairs prior to your turn-in date.
- Schedule an appointment to choose and test drive your next Dodge or Ram.
- Schedule an appointment to trade in your current lease for your new Dodge or Ram.
Schedule Trade-In Appt Below
Bring the following items with you when you trade in your leased Dodge or Ram in Avondale
- A copy of your Chrysler Capital Lease Agreement
- All keys, keyless entry fobs and any other additions associated with your leased vehicle
- All vehicle documents received at time of delivery including the owner’s and maintenance manuals