So here’s the story. I know a guy who leased subject vehicle about 4 months ago, put around 3k miles on it, and decided he wants out. His payoff is 41k before tax, and all the offers from Carvana, Autonation, etc are right around 41k so he loses money after tax if he buys to sell. VW dealer will be happy to take it from him, but with net 0 profit.
He looked at SAL but VW maintains liability with original lessee, so thats out.
With that being said, I reached out to my VW dealership contact (who I’ve known for over 10 years and have done several deals with fwiw) to see if he could/would facilitate me buying out the car at the same payoff.
Ofc I expect to get tagged with some fees so they make something out of it. Here’s the numbers he worked up:
Dealer Fee: 959 (includes CPO’ing the vehicle)
Tax: 6% + 50$ In South Florida
OTD: just under 45k
Nice bonus is the car will have just under 6 years of factory bumper to bumper warranty.
This market sucks, but I think this deal is decent given the circumstances. Looking for feedback from LH. Am I blinded by desperation, or is this worth pursuing?