2020 VW Tiguan Lease Buyout (SoCal)

[Batistuta]

Check with PDR guys. They might be able to fix it without respraying it.

[Batistuta]

This?

2024 Niro EV Wind

MSRP: $41200

$2000 due at signing
No Broker Fee

36/10k - $299 plus tax

[thehomie]

@Batistuta

Check with PDR guys. They might be able to fix it without respraying it.

I checked with one mobile guy. He said it was beyond his pay grade, but maybe worth another consult. The paint damage is surface level. If a good buffer wouldn’t take it out entirely, it’d make it good enough. Honestly, because of the particular form of the damage, it’s hardly noticeable. I’ve told friends about it and they answer, “Wait… where?”

[thehomie]

@Batistuta

This?

2024 Niro EV Wind

MSRP: $41200

$2000 due at signing
No Broker Fee

36/10k - $299 plus tax

Where is this being offered?

And that still equates to at least a $4,500 out of pocket (not including the dent repair). The monthly + not paying for gas is super appealing. I know nothing about the car though. Thoughts?

[TypeSH]

@thehomie

• Is there anything I need to look out for when I head to the dealership? Are they going to try to slap me with extra fees / services? Or make it difficult in some other way?
• Interest aside, how would the process differ if paying cash vs. loan from a credit union / bank?

If you can finance it on your own ‘blank check’ style, just buy it directly from VW Credit and save yourself the nearly $1000 on fees the dealer might charge to process the buyout.

I did that with our 2019 Tiguan. Send in the forms and a cashiers check.

[TypeSH]

@forbs

Is $2400 worth it for you to never see the car again?

Another way to look at it is if OP is already on the hook for $2400 in overages, $1000 in damage and $395 disposition, it’s only another $8200 (plus the sales tax) to just buy the whole vehicle and keep running it as is.

I’d probably just buy it and run it into the ground

[thehomie]

@TypeSH

If you can finance it on your own ‘blank check’ style, just buy it directly from VW Credit and save yourself the nearly $1000 on fees the dealer might charge to process the buyout.

How did you facilitate this? Is it as easy as just calling VW Credit?

[thehomie]

@TypeSH

Another way to look at it is if OP is already on the hook for $2400 in overages, $1000 in damage and $395 disposition, it’s only another $8200 (plus the sales tax) to just buy the whole vehicle and keep running it as is.

I’d probably just buy it and run it into the ground

This is what I was thinking. Wife loves the car already, no hassle, eliminate a car payment, live with the dent, etc. Perhaps when I have more free time later this year, I can look into selling it and hopefully recoup the cost of the purchase. Then start from square 1.

That said, I’m not opposed to a different option if an attractive one arises.

EDIT: Didn’t realize you’d made 2 separate replies

[forbs]

@thehomie

I can look into selling it and hopefully recoup the cost of the purchase. Then start from square 1.

Not with a lemon and accident on Carfax.

[thehomie]

@forbs

Not with a lemon and accident on Carfax.

Thing about it is that the lemon has only to do with CarPlay (in fact, Android still works. It’s just the Apple that won’t connect.) I’m sure there’s someone out there willing to take that hit.

And there is no accident on Carfax. She reversed into a piece of wood and it made a (albeit long) superficial dent. Unless a shop is required to report it if/when they make the fix, I don’t see how it’d show up. Note: I have no intention to deceive any future buyer about any work done, were I to do it.

So, either pay what I assume will be ~$5k in fees to return it, or pay $12,500 + tax to run it into the ground. Sound about right?

[jaxon]

Your lemon law settlement shouldn’t show anything on CF since you got a cash settlement and not a buyback. I think it’s a lot of car for sub $15k tax inc.

I’d buy it and hold.

[michael]

Assuming it’s in good mechanical shape, I’d also buy it out from VW Credit and run it to the ground. Hard to find a decent equivalent car for $12K. Plus, after a few years, the decline in resale value from the dent will probably be less than what it costs to fix it properly.

[TypeSH]

@thehomie

How did you facilitate this? Is it as easy as just calling VW Credit

Get the payoff quote and payoff letter from the vwcredit online portal, you can download the whole packet of docs you need to fill out. Like bill of sale, odometer statement, etc.

When you send it all overnight, I’d also include the SASE, cashiers check and a separate check for $15 for them to FedEx the title back to you. If any questions or issues definitely call VW Credit, they’ll walk you through it.

[paranoidgarliclover]

@thehomie

I’m starting to hear sounds that raise an eyebrow

Have you had a mechanic check it out? The funny sound is more worrisome to me than anything else you’ve mentioned.

[Batistuta]

Check your lease contract. Usually there is a maximum charge per panel. I doubt it’s $1,000.

Here. I know nothing about the car. You need to do the research. But looks like you are both very happy with the Tiguan. Take it to a mechanic and buy it if it checks out.

Socal Hyundai + Kia Lease and Purchase Deals (January). Low Telluride, plugin hybrids, EVs

Is that you specifically not doing one-pay leases or is this a Hyundai thing?

[max_g]

@thehomie

Which EVs are you thinking of? Particularly good deals out there? I’ve been asleep on the market for the past 6 months at least. No idea where to start.

Click on Marketplace for your state.

@thehomie

Thing about it is that the lemon has only to do with CarPlay (in fact, Android still works. It’s just the Apple that won’t connect.) I’m sure there’s someone out there willing to take that hit.

I don’t think anyone looks into the nuances of why it was lemoned. They just instinctively skip it

[max_g]

Get some VIN-specific quotes from here to see where you really stand.

Either you can get out for less than paying the charges for miles & damage…. Or you’re so far underwater that it wouldn’t make sense to buy it.

Remember you only get one chance to exercise that “put option” to throw the keys back at them. Once you’re holding the bag, it’s yours.

@paranoidgarliclover

@thehomie

I’m starting to hear sounds that raise an eyebrow

Have you had a mechanic check it out? The funny sound is more worrisome to me than anything else you’ve mentioned.

One more reason to believe a VW is a terrible candidate to run into the ground. If it starts throwing CELs it could nickel and dime you to death.

[thehomie]

@TypeSH

Get the payoff quote and payoff letter from the vwcredit online portal, you can download the whole packet of docs you need to fill out. Like bill of sale, odometer statement, etc.

When you send it all overnight, I’d also include the SASE, cashiers check and a separate check for $15 for them to FedEx the title back to you. If any questions or issues definitely call VW Credit, they’ll walk you through it.

Very helpful! As others have suggested, I’ll first take it to a mechanic and pay to have them give it the once over. Thanks for your responses!

[thehomie]

@Batistuta

Check your lease contract. Usually there is a maximum charge per panel. I doubt it’s $1,000.

Here. I know nothing about the car. You need to do the research. But looks like you are both very happy with the Tiguan. Take it to a mechanic and buy it if it checks out.

Will check the contract.

Taking to a mechanic and paying for a once-over as soon as I find the time.

Thank you for the link and the insight!