Okay, so you’re in this current situation. Your Volkswagen lease is up and you don’t know what your options are. if that’s the case then this is the article you want to read.
Three ways to move forward.
Trade in your vehicle for a new Volkswagen.
Trading in your vehicle right now for a new Volkswagen has been no other time to do it since due to a lack of inventory dealerships are going to give you top dollar for it. Make sure to get the most bang for your buck just do your research and visit third-party websites to do the online appraisal. With those appraisals, in hand, you know what you’re working with and start the process of trading in your current lease for a New Volkswagen if that is the option you decide you want to go with.
Purchase your current vehicle.
Purchasing your vehicle is an easy process as long as you collect the proper information. Start with reviewing your past lease contract to find out your Residual amount which is the amount that you can buy the lease out with. If you were to misplace your contract contact Volkswagen credit or contact the dealership where you initiated the lease with. Going back to the residual value that is the amount that you can purchase your vehicle plus sales tax and DMV license don’t forget that. If purchasing your current vehicle is the option you choose the dealership might offer you an extended warranty, gap insurance, and a maintenance plan those extras are all optional. Now at the time of writing this article, there are outside companies that are offering to initiate buying out the lease and you never have to visit the dealership. The company was very transparent that they will also try to sell you some type of extra warranty, gap insurance, etc…
Turn in your current vehicle and walk away.
Turning into your current vehicle and walking away was the option most people did back in the day, with the current car inventory situation that the dealers are in. if you were to do your homework and see what the car is worth versus just dropping it in you could be missing out on some money if you were just to turn in the car and shop around to see which dealership that wants it the most. there are certain dealerships right now there are of are offering up to $1500 to $2,000 if you were to just turn in the vehicle. Every situation is different but DO NOT just drop off the vehicle and walk away from it you could be missing out on some big money.
VW Credit
Contact Number: 1 800 428 4034
VW Auto Loan & VW Lease Payoff Address
Standard Mail PO Box 94026 | Overnight Mail Lockbox 94026 |
Mail checks payable as follows:
For Retail Loans – Volkswagen Credit
For Leases – VCI Account Services LLC
Conclusion:
Please keep in mind that every situation is different, my goal with this article is to point you in the right direction. Please be sure to check out some other articles on the new 2022 Volkswagen Atlas Cross Sport, 2022 Volkswagen Golf GTI, 2022 Volkswagen ID.4, and 2022 Volkswagen Tiguan. Any questions or comments and I will do my best to answer in a timely manner.
