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470 messages, Last post on Nov 28, 2009 at 6:56 AM
You are in the Smart Shopper Forum. Your Hosts are kirstie_h & tidester
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Replying to: misfit815 (Jun 13, 2008 9:48 am)
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Replying to: kyfdx (Jun 13, 2008 11:25 am)  Thanks. J |
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My wife and I leased a 2006 Passat two years ago - we weren't huge fans of the leasing idea, but the payments were pretty cheap and ee were planning to purchase the car at the end of the lease anyway. We have since decided that we want a slightly bigger car, a crossover. We are now 8 months away from the end of the lease, and we've already gone over the alotted miles. We would like to get out of the lease and finance a crossover, but when I spoke with VW today I was told that they will charge us for prorated miles. i.e. they would calculate how many miles we would have when the lease is up and charge us for that. (on a side note, does that sound like something car companies do? I don't have the contract in front of me but I'm definitely going to be reading it through when I get home.) My question is, is there a way around this? The plan we had was to roll the rest of the eight payments into the financing of our new car, thinking that this would at least save us the miles overage payment. Now that we know we're going to be paying for the miles regardless of when we turn it in, we kind of feel our only option is to take the car through the lease, pay the overages then, and move on to financing. Any advice as to how we can avoid the above scenario? |
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You posted this quite a while a go, but hopefully this can help someone else in the similar situation. I'd call VW and find out what the current buyout would be on your passat; the amount they would need to release the title to you. Once you have that number, treat it as if that's a loan payoff, see what you could get as a trade in, or see if you could sell it for at least that amount. Mileage penalties won't apply because you won't be giving the car back to VW. Even if you trade in and owe a little more than the buyout, it might still be a better deal than rolling in 8 lease payments and paying mileage fees. |
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1) Narrow down your choices befroe you come in. Basically, get a clue befroe you decide on driving inventory and asking professional salesmen for their time. When you are asked if you are looking for a car or an SUV....have an answer. A shrug of the shoulderasor an "I don't know" isn't an answer a grown up human being would respond with. 2) When you walk on the lot don't act surprised that a salesmen is asking if you need assistance. It's their job. And if you object to salesmen then come out to the dealer on Sunday (in illinois we are closed on Sunday). You will have all the time in the world to "look" at cars. Or better yet...you could always go to the mall and check out cars there. It's a perfect place, great selection, no salespeople etc etc. 3) Only 3 test drives per person. No exceptions. And if you want to drive 3 on a saturday then you gotta buy something. 4) So you didn't buy a vehicle and you think it's OK to not respond to the salesperson when he calls to follow up.That's a no-no. You drove 4 cars on a busy saturday and asked about different trim levels, accessories, and a wide variety of buying questions. You didn't buy and that's OK...I can live with it. But when I call you back you think it's cute to NOT respond. It's not cute. I don't care if you don't want to buy but TELL ME so I can take you off my list. These are just a couple of tips I wanted to share as a sales person. I will come back later and share some more.
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Replying to: alejandrom (Nov 07, 2008 8:16 am) http://townhall-talk.edmunds.com/WebX/.ee9c367/ This particular discussion is only for suggesting new topics. |
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With these trying economic times, what are the phenomenal deals on new or slightly used cars that really stand out as values. Are there deals on American cars inlight of their financial troubles? Or are there an overabundance of fuel efficient cars that are not selling because of the drop in gas prices and recession.
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Replying to: 03cobra (Dec 22, 2008 1:32 pm) tidester, host SUVs and Smart Shopper |
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Any recommendation on honest dealers or dealers to avoid will be appreciated.
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