Hi guys, I had Charger that was financed that I ended up rolling into a GLI lease. I’m now at a place where I’d like to completely rid myself of this vehicle as I have another vehicle I own outright and the Charger was a luxury when I bought it. (It broken into a bunch of times, I wasn’t comfortabl…

You must really want out of this car to dump it + pay 11k for that privilege. I get that it’s cheaper that way than paying the 25k in remaining payments, but that lease cost you around 3k/month to drive it 4 months (and that’s not counting the extra $$$ Volkswagen wants). To each their own though. …

Numbers actually close enough with the additional 7K VW wants regardless of who purchases the car. OP’s liability = $25K+$13K=$38 k Carmax offer = 19K Difference $38K-$19K=$19K which is close enough to OPs 11K budget plus $7K VW wants.

This is really confusing. Where did the $11k number come from? ANYWAY, what about a transfer? I have no idea what your payments are or how many months, but does offering someone $11k cash and they take over your lease make it at all attractive to someone?

Can’t transfer a VW lease without remaining liable on the lease.

As mentioned, VW requires the original leaseholder stay on the lease, so I’d still be liable if they took my 11k cash and ran with it. 11k is my residual + remaining payments. VW credit charges dealerships more to purchase vehicles.

Yeah, expensive lesson. I’m going back to school and my income will increase, but I’d rather minimize my monthly expenses and this vehicle is purely a luxury at this point. The money i’d save on registration + insurance makes biting the bullet worth it for me. Don’t get me wrong - I don’t want to s…

It should have been 11k. VW wants more to pay the car off because the check is coming from a dealership as opposed to from my bank account.

I am still confused. You cant buy car for residual till the end of lease.

[image] Christian_Audigeur: $25,196.64 left in payments Looks Like OP is mixing up 2 different numbers Remaining payments $25,196 Carmax offering $19k Negative Equity: $6196 I dont know where the 11k is. OP is prob thinking his remaining payout is residual + 6k which is ($13k +6k) which a…

Volkswagen, Audi, and some others will not always sell your car for residual plus remaining payments to anyone but you. They can choose to offer a different price to a third party dealer (eg CarMax, caravana etc). I’ve heard of this happening in the past.

10k negative equity on GLI - VW Credit wants extra 7k to sell to dealership. How do I sell this car?

Ask the Hackrs

mah4546 September 3, 2018, 7:22am 27

Wow. Just wow.

A new winner?