I’m looking to lease an ID.4 (to take advantage of cap reduction as I maxed out my tax liability due to buying another EV) so I want to lease. I am considering “one-pay” option to reduce interest/finance charges as I plan to buyout the lease within 6 months.
My main concern is if I somehow totaled the ID.4 (never been in an accident - yet) within the first 6 months does VW pay any of the one-pay lease back? i.e pro-rated? In this market, the current market value of the car is probably higher than the residual + one-pay amount so VW would pocket some extra cash too.
I would hate to throw the entire one-pay amount down the toilet if I totaled the car in the first 6 months before being able to buyout the lease. I heard BMW pro-rates the one-pay lease amount… does VW?