This is being ask a lot on various car forums...the answer is maybe. You have an agreement with VW and it's VW Atlas so always keep that in mind. Dealers are trying to take some of your potential profit and may add a bunch of "fees" to erode some of your position with the least buy out. I'd start by calling VW Credit and going from there. In theory yes, you should be able to buy it out at the negotiated residual in your lease contract/agreement and turn around and sell/trade for a profit.
Lease buy out - 2019 SE w/Tech
Hi, folks.
Have any of you considered buying out your lease? How has that gone, and what did negotiations look like with VW? We are in an unusual situation where folks having maturing leases are in a superior position with the current market.
Have any of you considered buying out your lease? How has that gone, and what did negotiations look like with VW? We are in an unusual situation where folks having maturing leases are in a superior position with the current market.
- I've had issues, including the coolant leak (head gasket replaced) and a faulty camshaft sensor (being replaced)
- My lease is up in December and is currently under mileage
- I could earn ~$10k based on the residual value and KBB, so I'm curious if VW will negotiate with you.
- I'm having a few dents pulled and the car detailed before having an assessment done on it
- I'm curious if you've shopped it for other dealers?
- Have you looked at selling to Carmax vs. a private party?
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NR 1 son ended up buying his Jeep after 3 years. We talked about it. The buyout wasn't a lot (like $15K I think). but he had just put new tires on it. So, with that said, having new plastic wasn't a thing for him, a new lease/new car was going to be double what he was paying. Buying one would have been a few months wait to get what he wanted and it was going to cost him more. So, he ended up just buying the car.Hi, folks.
Have any of you considered buying out your lease? How has that gone, and what did negotiations look like with VW? We are in an unusual situation where folks having maturing leases are in a superior position with the current market.
Thanks, I've been told it is a better bet to buyout vs. straight lease return.
- I've had issues, including the coolant leak (head gasket replaced) and a faulty camshaft sensor (being replaced)
- My lease is up in December and is currently under mileage
- I could earn ~$10k based on the residual value and KBB, so I'm curious if VW will negotiate with you.
- I'm having a few dents pulled and the car detailed before having an assessment done on it
- I'm curious if you've shopped it for other dealers?
- Have you looked at selling to Carmax vs. a private party?
I've not leased since 2006 and will never lease again. Must be in the blood as the daughter leased a Nissan and after that, she said she would never lease another. She ended up buying outright her 2021 Jeep Compass Trailhawk. So, IMO, since you got one of the VW's made on a Monday/Friday, most all your issues have been addressed. But i'd be hard-pressed to stick with the brand. I've been lucky. My 2019 has not had one issue blasted hear on VWAtlas Forum. Sure, I've had my sunroof serviced as per the leaky issue (I never had a leak). Had the headlight bracket issue taken care of. But NOTING else has been done to it and the last check, the VIN showed no issues with anything else (leaking coolant, trans, door wiring, etc). Heck, I won't even let them flash anything without my permission, and they haven't so far. Granted, it's a 2019 model and must have been built on a Wednesday. It will be 3 years old in July and I'm just under 17k miles (I only drive it for travel and every so often, I will take it out of the garage and drive it for the day. It still smells new inside. Having a 2011 minivan and 09 Jeep, no need to rack the miles up on the car. We bought it straight out so no financing or leasing is involved. And this is my 4th VW. Just saying, if I had the issues most here have had, I'd never buy another. But the car has been great and if I was at the crossroads of buying out the lease, considering the costs of getting a new lease, I'd take this car in a heartbeat.
Thanks for the feedback. I am toying with the idea to “sell” the lease back to them and trading for a pre-owned with a cleaner record with the residual I’d get with a private sale.NR 1 son ended up buying his Jeep after 3 years. We talked about it. The buyout wasn't a lot (like $15K I think). but he had just put new tires on it. So, with that said, having new plastic wasn't a thing for him, a new lease/new car was going to be double what he was paying. Buying one would have been a few months wait to get what he wanted and it was going to cost him more. So, he ended up just buying the car.
I've not leased since 2006 and will never lease again. Must be in the blood as the daughter leased a Nissan and after that, she said she would never lease another. She ended up buying outright her 2021 Jeep Compass Trailhawk. So, IMO, since you got one of the VW's made on a Monday/Friday, most all your issues have been addressed. But i'd be hard-pressed to stick with the brand. I've been lucky. My 2019 has not had one issue blasted hear on VWAtlas Forum. Sure, I've had my sunroof serviced as per the leaky issue (I never had a leak). Had the headlight bracket issue taken care of. But NOTING else has been done to it and the last check, the VIN showed no issues with anything else (leaking coolant, trans, door wiring, etc). Heck, I won't even let them flash anything without my permission, and they haven't so far. Granted, it's a 2019 model and must have been built on a Wednesday. It will be 3 years old in July and I'm just under 17k miles (I only drive it for travel and every so often, I will take it out of the garage and drive it for the day. It still smells new inside. Having a 2011 minivan and 09 Jeep, no need to rack the miles up on the car. We bought it straight out so no financing or leasing is involved. And this is my 4th VW. Just saying, if I had the issues most here have had, I'd never buy another. But the car has been great and if I was at the crossroads of buying out the lease, considering the costs of getting a new lease, I'd take this car in a heartbeat.
Have an 18 SEL 4motion v6 that we have had minimal issues with. Bought it out at the end of the lease back in Feb. Nothing near the buy out price with similar options... and I know the history on this one. VW wouldn't deal due to the value... paid what lease end value was plus taxes... way better than any other used / new price at the time.
My lease is up next month.
I just went down to my local credit union and and bought my lease out.
I requested a payoff letter from VW credit (they have an option to fax it or mail it to you)
Then just today I received a mailer in the mail from VW credit with the "Your lease is up"
It looked like a newer version of this:
https://di-uploads-development.s3.a...olkswagen/uploads/2017/03/leaseEndProcess.pdf
This is my first lease with VW and I must say this book was a big turn off!
(I come from a LONG history of leasing with Toyota and have NEVER seen anything like this before.)
The "disposition fee" seems a "bit" excessive...
and then reading through the book on how they expect the car to be returned to them...
After reading it - it felt like I could not buy out my lease and that I had to take my car back to them...
Which is just not the case - the whole point of a lease is you have your residual due at the end of your lease which is predetermined when you lease your car.
After reading through all of this - really the only option you would want to do is buy out your lease and then if you wanted to "trade your car in" or "sell it to a 3rd party" then do so.
I just went down to my local credit union and and bought my lease out.
I requested a payoff letter from VW credit (they have an option to fax it or mail it to you)
Then just today I received a mailer in the mail from VW credit with the "Your lease is up"
It looked like a newer version of this:
https://di-uploads-development.s3.a...olkswagen/uploads/2017/03/leaseEndProcess.pdf
This is my first lease with VW and I must say this book was a big turn off!
(I come from a LONG history of leasing with Toyota and have NEVER seen anything like this before.)
The "disposition fee" seems a "bit" excessive...
and then reading through the book on how they expect the car to be returned to them...
After reading it - it felt like I could not buy out my lease and that I had to take my car back to them...
Which is just not the case - the whole point of a lease is you have your residual due at the end of your lease which is predetermined when you lease your car.
After reading through all of this - really the only option you would want to do is buy out your lease and then if you wanted to "trade your car in" or "sell it to a 3rd party" then do so.
Thanks for your response. VW credit told me I can buy it directly from them without the dealer. Just for fun I got estimates from Carvana and Carmax both around $11-12k over residual. My only issue is I have some issues that warranty has so far covered. Honestly I’m not finding a comparable vehicle to mine since the post-19 tech packages have lost features. I’m leaning a bit towards a lightly used Telluride that has more bells and whistles.My lease is up next month.
I just went down to my local credit union and and bought my lease out.
I requested a payoff letter from VW credit (they have an option to fax it or mail it to you)
Then just today I received a mailer in the mail from VW credit with the "Your lease is up"
It looked like a newer version of this:
https://di-uploads-development.s3.a...olkswagen/uploads/2017/03/leaseEndProcess.pdf
This is my first lease with VW and I must say this book was a big turn off!
(I come from a LONG history of leasing with Toyota and have NEVER seen anything like this before.)
The "disposition fee" seems a "bit" excessive...
and then reading through the book on how they expect the car to be returned to them...
After reading it - it felt like I could not buy out my lease and that I had to take my car back to them...
Which is just not the case - the whole point of a lease is you have your residual due at the end of your lease which is predetermined when you lease your car.
After reading through all of this - really the only option you would want to do is buy out your lease and then if you wanted to "trade your car in" or "sell it to a 3rd party" then do so.
Be careful on a used telluride. They use an expensive CVT and we still don’t know what the long term lifespan is like in them. It’s only been a couple years.
Which years? I looked it up and it stated it uses an automatic vs. CVT.Be careful on a used telluride. They use an expensive CVT and we still don’t know what the long term lifespan is like in them. It’s only been a couple years.
Edit: I’m redacting everything I just said lol. Apparently the dealer, more than one salesman, sold me on it having their IVT transmission which is a CVT. Researching it just now that does not seem to be the case, which is surprising me now. still like my atlas better.Which years? I looked it up and it stated it uses an automatic vs. CVT.
Ah! So you've had both? What didn't you like about the Kia? I haven't test drove it yet.Edit: I’m redacting everything I just said lol. Apparently the dealer, more than one salesman, sold me on it having their IVT transmission which is a CVT. Researching it just now that does not seem to be the case, which is surprising me now. still like my atlas better.
No, sorry, we ended up Not purchasing the Kia. We had a 16 Kia Optima to trade in and thought the telluride would be a huge upgrade in size AND quality. Unfortunately, while it did have more pleather covered panels and gimmicky media center features than our optima did, it still had that cheap car feel I was trying to get away from on the optima. It was a fine car but there just wasn’t that nice solid German feel the Atlas has. That’s really just the simplest part of going away from Kia while Not trying to write a whole comparison post.Ah! So you've had both? What didn't you like about the Kia? I haven't test drove it yet.
We also had an 07 Jetta before the optima that we really kind of missed a lot. So that helped decision making. Also the Kia had a $10,000 “fair market value” price hike.
Also, only have had the atlas for 7 months but have already been in 2 scenarios where I’ve had to make very quick maneuvers to avoid a crash, both about 40mph. The atlas handled them like it was nothing. Where I put the wheel is where it went. Now with our Optima, I knew the limitations of that car pretty darn well and I can say with 100% certainty at least one of those two situations would have ended in a crash. I’ve never put a telluride through those maneuvers but judging from a lengthy test drive, it had a lot of similarity to how the Optima handled. Looking back on it now I put most faith in the VW now.
1 - 12 of 12 Posts
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