Need Lease Help
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Joined: Feb 2010
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Need Lease Help
Three years ago I leased a Jetta. I love my car and I am two months from the end of my lease. I got a call from Volkswagen Financial Services a couple of weeks ago and they gave me three options.
The first is to buy back my car for $17,700, the second was to extend my lease by 6 months with the same payments, the final was to return the car and get an end of lease inspection.
I love my Jetta and I have taken great care of it. I went online to find out how much the Jetta is worth. It has a trade in value of $14,200 which is significantly lower than the retail value on my same make and model.
http://www.motortrend.com/cars/2007/...ing/index.html
My head says to return the vehicle back to the dealer but I really want to keep this car. Does anyone have any suggestions on what to do with VW Financial Services to lower the residual value or buyout value? Thanks.
The first is to buy back my car for $17,700, the second was to extend my lease by 6 months with the same payments, the final was to return the car and get an end of lease inspection.
I love my Jetta and I have taken great care of it. I went online to find out how much the Jetta is worth. It has a trade in value of $14,200 which is significantly lower than the retail value on my same make and model.
http://www.motortrend.com/cars/2007/...ing/index.html
My head says to return the vehicle back to the dealer but I really want to keep this car. Does anyone have any suggestions on what to do with VW Financial Services to lower the residual value or buyout value? Thanks.
Junior Member
Joined: Nov 2009
Posts: 27
I'm betting that there are a lot of VW owners who wish they could return their Jettas back to the dealer! HA! 
Not too versed with leases, but $18K seems high for a 3-year old car. Especially since I was just at the VW dealer and saw a nice NEW on the showroom floor '10 Jetta with sticker price of $20K and that included all taxes and dealer rip-off charges.
You could always try and counter offer with what you think is a fair price and what you're willing to pay. The worse thing they can say is "no". My only advice, which is the same for buying a brand new car, is never let it be known to them how much you REALLY REALLY WANT THAT CAR. Try to get it into your head what your buy price is and not a penny more. I suspect that you could probably get a brand new '10 for the same price of $18K. The economy is terrible and car's aren't moving. Dealerships pay each month for cars that sit on their lot so the longer a car sits and doesn't get sold, the more expensive it is for them.
Trust me. They want to sell you that car more than you want to buy it.
Not too versed with leases, but $18K seems high for a 3-year old car. Especially since I was just at the VW dealer and saw a nice NEW on the showroom floor '10 Jetta with sticker price of $20K and that included all taxes and dealer rip-off charges.
You could always try and counter offer with what you think is a fair price and what you're willing to pay. The worse thing they can say is "no". My only advice, which is the same for buying a brand new car, is never let it be known to them how much you REALLY REALLY WANT THAT CAR. Try to get it into your head what your buy price is and not a penny more. I suspect that you could probably get a brand new '10 for the same price of $18K. The economy is terrible and car's aren't moving. Dealerships pay each month for cars that sit on their lot so the longer a car sits and doesn't get sold, the more expensive it is for them.
Trust me. They want to sell you that car more than you want to buy it.
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