More than ever before, there are many ways for you to return your lease without suffering much of the blow that comes with terminating a lease early. In fact, with so much demand for used cars, you can as well get more money to finance a new lease.
Generally, when you want to trade in your VW lease, you have the option of trading your lease with a dealership or to auto dealers like Carvana, CarMax, or Vroom.
VW Credit has joined many auto financing institutions to restrict third-party buyout of their leased vehicle. If you want to get a loan from VW Credit, banks or any credit union to finance your next lease, or maybe your leased car was financed by any of these banks and credit unions like Exeter, Ally Bank, Wells Fargo, and the rest. You need a dealership or official lease broker to get you through.
From the face value, trading in your leased car at places like Carvana, CarMax, or Vroom may seem cheaper if you want to get a replacement. It can also put more money in your pocket if you want just a lease buyout.
However, with these online car dealers like Carvana or Vroom, trading in your Volkswagen is always a classical case of “take it or leave it.” To sell your leased car at Carvana or CarMax, these dealers will appraise your car and give you a price offer after you’ve submitted details of your car. You have a few days to take the offer or leave it. The same thing applies if you want to get a replacement. What you see as the price is what you get. There’s no negotiating or haggling. While no-haggle shopping can make sense to many shoppers, you better go for where you can negotiate a fairer deal if you want to save more.
It’s no news that VW financial no longer allows lease buyout from third parties. This means that if you want to return your lease early, and your car lease was financed by VW financial or other auto lenders and credit unions, including US Bank, RoadLoans, CarFinance, Ally Bank, and more. To negotiate with these banks to pay off your loan or switch to a new lease, you need to work with a dealership.
From January 2020, VW stopped accepting lease buyouts directly from third parties like CarMax, Carvana, Vroom, and others. If you have a VW lease, the next big question you’ll ask yourself is what options are available for me.
With the current high demand for used cars, selling your Volkswagen lease to a dealership is one of the quickest ways to turn your lease into cash. Of course, if your VW lease is financed by Volkswagen Financial or other banks and credit unions that now frown at selling leased cars to a third party, a dealership is still your perfect go-to place.
Unlike when you sell to used car dealers like Carvana and the rest, selling your VW lease to VIP dealership leaves you the room to haggle for a better price if you feel you deserve more money for your Volkswagen. If you want to trade in your Volkswagen, VIP dealership can also help you negotiate with your bank or credit union and ensure that you swiftly get out of the lease and into a new lease.
Care to save more money trading in your Volkswagen lease? Reach out to VIP Auto, 1204 Hylan Blvd, Staten Island, NY 10305 https://viplease.com/.