Please help on Volkswagen lease

[anique]

I don’t know if Volkswagen allows third party buyout. Most likely you would have to go through a VW dealer:

List of Lenders that Allow for Third-Party Buyouts

As used car prices soar, many lessees are finding that their vehicles are worth considerably more than their current payoff amount. Instead of simply returning the vehicle at lease end, you may be able to sell the vehicle to a third party (such as Carvana, Shift, Vroom, and CarMax) for a profit. However, some lenders are making it difficult for consumers to access this “lease equity” by charging a higher lease buyout price to third-party buyers than to consumers, or altogether prohibiting third…

First thing should be to value your current car to see how much equity (positive or negative) you have in your current lease:

List of places to sell or value your car online

For the quickest results: Copy your VIN to your clipboard and just paste it into each site. Quicker than plate lookup. Enter “I own the vehicle” where applicable — you don’t need to get into the details of your lease payoff or loan balance until you’ve eventually chosen one entity to sell to. Use a Google Voice or some other device you can turn off at will. Otherwise your real phone will be bombarded initially. In alphabetical order: Buyer Name Direct Link Review Link AutoCo…

Then figure out how much you can get the new car for without a trade-in. Look at other vehicles too, I am sure you can get a better car for cheaper lease from a broker here. Typically trade ins are not always the best value, so doing two separate transactions is advisable.