Tales from the Lot : The 16k test drive.

Ed came in to the dealership on September 30th. He wanted to lease a Rav4 prime. He wanted to lease it to take advantage of the tax rebate which was only available with leasing. Ed leased it putting 10k down to get his payment where he “wanted” it.

A day later we learned Ed failed his own fraud alert. He would proceed to fail it 2 more times. Toyota turned down the lease. We have to switch Ed to a finance deal.

Ed maintains the 10k down and takes 84 month financing to get his payments where he wants.

Yesterday Ed comes in and complains to service of the car having a weird smell. Service can’t replicate the smell and tells him nothing is wrong with the car. Ed is not convinced and decides he wants to sell us the car.

Ed has a payoff of $48,750 and we can give him 43k for the vehicle. Ed paid us $5,750 to sell us the car.

Ed paid us $15,570 to drive a vehicle for 10 days and left in a uber. He even left the car seat in the RAV4.