I am nearing the end of my lease on a 2021 VW Tiguan through VW credit. I have a very low residual at the end of my lease in November $14.4k + disposition, and was offered $20k through Carvana. I’m not 100% sold on getting another VW due to their stringent leasing and getting out of a lease tactic.
I was thinking of going to go smaller into a Taos, with a money factor of .00095, but the dealer was rolling the rest of my lease payments into the new vehicle.
Thoughts about getting out of that lease through the Hackrs, and if so, are there any specific models of vehicles out there that are similar to a Taos-sized car? Reliable transportation at a low cost is what I seek, but being higher than a car, rather a SUV.
Note that VW Credit charges a different payoff for third parties, such as Carvana, that is based on the vehicle’s market value, potentially negating any positive lease equity you have. I’d confirm with VW Credit what the third-party payoff is.
If selling to VW dealers or Equityhackr, the payoff is based on the original residual, so you should be okay in that case.
Agreed with @max_g you should initially research the selling and buying options separately to see what the best deal is for each.
