Lease buyout from dealer

[NetWareHead]

Following up on thread: http://forums.anandtech.com/showthread.php?t=2146795

Well it looks like I ran into a bit of good luck. The dealer who I leased the car from called me up and wants to know if they can buy my car off of me. They received a call from an insurance company with a customer who wrecked their 2009 TDi. Apparently I have the exact one with specs that customer wants and the dealership wants to know if they can buy me out from the lease.

I have like 14 or so months remaining and this seems like a great thing since I am 6k miles away from my limit, something that has me worried.

I think I'm gonna do it and slip into a new Jetta TDi but next year get some cheap rims with snow tires. I never had a dealer terminate my lease and buy the car out from me. Any advice?

 

[ViviTheMage]

:thumbsup:

 

[DivideBYZero]

As long as what he gives you for it covers the outstanding ammount, and there is no early termination fee I'd go for it.

 

[NetWareHead]

I was thinking a month or 2 back on whether or not I should buy some extra miles for it ( so I didn't hit the mileage limit prior to end of lease). Good thing I didnt...

 

[bunker]

Careful.
I had an offer to turn mine in early as well and was in the same mileage situation as you with about 6 months left on the lease. They took the current miles divided by how many months I had it then assumed I would put that many miles per month on it for the rest of the lease.
I would have been out a good chunk of change for the mileage.

I didn't turn it in early and ended up only being over by ~500 miles.

 

[Sluggo]

I'm a bit suspicious that anyone called a dealer looking for a car like yours. Sounds like a thinly disguised ploy to get you into the showroom to roll over your lease.

Its really a pretty old tactic in the dealer's sales arsenal.

 

[Pantoot]

I'm a bit suspicious that anyone called a dealer looking for a car like yours. Sounds like a thinly disguised ploy to get you into the showroom to roll over your lease.

Its really a pretty old tactic in the dealer's sales arsenal.

That was my initial thought as well. "We have had a huge demand for cars like yours!"

 

[NetWareHead]

Well Im going to see the dealer today and see what he says. Will update

 

[coxmaster]

I'm a bit suspicious that anyone called a dealer looking for a car like yours. Sounds like a thinly disguised ploy to get you into the showroom to roll over your lease.

Its really a pretty old tactic in the dealer's sales arsenal.

Actually with a TDI it isn't all that uncommon. TDIs are hard to find in certain cases and as a result people have been known to pay a premium for them

 

[Vic Vega]

Yup, TDI is a sought after car and people search/wait for them.

 

[NetWareHead]

So, it would take 16,600 for me to buy out the lease and Kelly blue book value for my car in excellent condition is 18500. Dealer would give me nearly 2 grand to walk away from my lease.

 

[Vic Vega]

He'll sell it for 20? He's also going to sell you a new car and get his 2k back.

 

[HarryLui]

So, it would take 16,600 for me to buy out the lease and Kelly blue book value for my car in excellent condition is 18500. Dealer would give me nearly 2 grand to walk away from my lease.

And you still have the car? Why?

 

[Sluggo]

Actually with a TDI it isn't all that uncommon. TDIs are hard to find in certain cases and as a result people have been known to pay a premium for them

I'll certainly admit that's a possibility, I'm not really familiar with the demand for TDIs.