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Chrysler Financial/Performance Chrysler, Jeep, Dodge / disposition fee

1 Omaha, United States Review updated:

My lease on my 2007 Jeep Grand Cherokee is coming to an end on April 2, 2009. I was planning on getting another Jeep, but Chrysler Financial stopped doing leases as of August 1, 2008. Since I only lease my cars, I decided to go with a Nissan instead.

I just made my last lease payment to Chrysler Financial to fulfill my contract. However, to my surprise, I found out that I still owe $425. I called Chrysler Financial to find out what this extra ‘fee’ was for. I was told that since I didn’t lease or buy another Chrysler, Jeep or Dodge, I had to pay a $425 disposition fee.

I stated that I knew nothing about this fee and asked why the dealership never informed me before I signed the contract. All they said was that they were sorry that no one told me but if they told everyone about the disposition fee, they wouldn’t sell any cars.

Then I was told that it was my fault for not reading the contract close enough. One guy I spoke with said, “You must not lease cars very often because every dealership/company has a disposition fee.” The Nissan that I just leased is my sixth car and I have NEVER heard of nor have I paid a disposition fee! (FYI: I called Nissan, Toyota and Honda and NONE of these companies have a disposition fee!)

In the end, I will have no choice but to pay the $425 disposition fee since it was stated in a binding contract, I signed it and I refuse to let it affect my credit. However, it is NOT going to stop me from running my mouth, letting everyone know about the shady business practice Chrysler Financial is conducting! I know I may only be one person, but word of mouth is powerful and I intend to inform as many people as I can so they don’t make the same mistake I did!

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Comments

  • Ad
      31st of Mar, 2009
    0 Votes

    Doesn't matter how much you bad mouth Chrysler Financial...They are going belly up anyway...hahaha...Should have leased a Nissan in the first place...(and yes..there is a fee for Honda and nissan if you do not re lease or purchase. Been with Nissan for 11 years and have leased 4 of them...trust me ... there is a fee

  • Pe
      17th of May, 2009
    0 Votes

    You stupid idiot Chrysler Financial is not bankrupt it's Chrysler. The comapny that owns CF also owns GMAC and now GMAC is the finance company for Chrysler.CHeck your facts before you open your mouth you stupid ignorant ###

  • Ma
      29th of Sep, 2009
    0 Votes

    Wow Pedro, mature and useful response. I'm better off for reading your comment, thanks so much for responding.

  • Mk
      12th of Oct, 2009
    0 Votes

    My theory on the disposition fee is that although they allow you alternatives to waive the fee if you lease or purchase a vehicle through chrysler couldn't one argue that this is a material change to the contract if the company no longer leases vehicles? The material change therefore would make the disposition fee a voidable term in the contract, especially if the lease option is no longer available. Didn't the cell phone companies get caught up in a similar lawsuit over early termination fees while raising rates on text messages without consumer consent to the material change, therefore invalidating the early termination charge?

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