04-28-2014, 09:37 AM
I wonder what dealer would be willing to do this without making any profit?
Also, he says that it wouldn't make any sense for him to lose money on the transaction. Well, I think it make all sorts of sense for him to lose money since he is trying to end his lease very early. I'd bet you'd find that the value book that the dealer uses (the infamous "Black Book") shows a lower value than NADA and Kelly Blue Book.
Also, he notes that if he buys out the lease he'd have to pay tax and register it in his name. Here in GA, leased vehicles have the tax paid on the whole value when they leased, so this would not be relevant in our state--of course other states do what they do.
At the very least, I'd go to a VW dealer and ask the used car manager whether this is something that makes sense and also what they'd pay/sell that used vehicle for. This may be a good deal, but it's an odd enough situation that I'd be VERY careful.
Also, he says that it wouldn't make any sense for him to lose money on the transaction. Well, I think it make all sorts of sense for him to lose money since he is trying to end his lease very early. I'd bet you'd find that the value book that the dealer uses (the infamous "Black Book") shows a lower value than NADA and Kelly Blue Book.
Also, he notes that if he buys out the lease he'd have to pay tax and register it in his name. Here in GA, leased vehicles have the tax paid on the whole value when they leased, so this would not be relevant in our state--of course other states do what they do.
At the very least, I'd go to a VW dealer and ask the used car manager whether this is something that makes sense and also what they'd pay/sell that used vehicle for. This may be a good deal, but it's an odd enough situation that I'd be VERY careful.