[blueID4]

Hey there everyone.
I just leased a gorgeous blue id4 about a month and a half ago. I’ve unfortunately lost my job and would like to transfer my lease (or sell the car). If anyone is interested, here’s a link to the car on swapalease with all the photos and the option to contact me. Thanks!

update: I will give $1000 as a cash incentive to whoever takes over this lease!

Volkswagen ID.4 Lease Deals | Swapalease.com

 

[jwaters943]

I’m very sorry to hear of your misfortune and hope you find someone to take over your lease.

With that said, your payment amount seems very high. Roughly $300 more per month than what VW has been advertising on their website for a comparably equipped vehicle.


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[blueID4]

I’m very sorry to hear of your misfortune and hope you find someone to take over your lease.

With that said, your payment amount seems very high. Roughly double what VW has been advertising on their website for a comparably equipped vehicle.


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Thank you, and yes I know. I was told by the dealer that the advertised amount included dealer participation and because of the current market no dealers were giving out any incentives

 

[JPWhite]

You could try Swap-a-lease

 

[blueID4]

You could try Swap-a-lease

Yes, it is on swap-a-lease. The link is on the post

 

[jetglue]

Thank you, and yes I know. I was told by the dealer that the advertised amount included dealer participation and because of the current market no dealers were giving out any incentives

Sorry about your circumstances. I think that unfortunately you got taken for a ride by the dealer, and it's a ride that is not going to help you find someone to take on the lease. Those are very unfavorable terms compared to what you would get for a brand new vehicle from a reputable dealer. I have a AWD Pro S and will get much a lower payment.

 

[fiehlsport]

Carvana is offering 42K for low mileage ID.4s. They offered 41K once I hit 5,000 miles. Have them buy out your lease and you may even net a profit.

 

[Tinman]

Carvana is offering 42K for low mileage ID.4s. They offered 41K once I hit 5,000 miles. Have them buy out your lease and you may even net a profit.

Unfortunately, Carvana won't be able to help. VW Credit is the entity that must sell the car to Carvana in this scenario. They will quote an inflated figure that is above the lease buyout plus residual as the sales price, resulting in negative equity. To sell the car at the cost of the lease buyout plus residual, the lessee must take possesion of the title.

 

[fiehlsport]

Unfortunately, Carvana won't be able to help. VW Credit is the entity that must sell the car to Carvana in this scenario. They will quote an inflated figure that is above the lease buyout plus residual as the sales price, resulting in negative equity. To sell the car at the cost of the lease buyout plus residual, the lessee must take possesion of the title.

Do you speak from experience with this and VW Credit? Are they unique in some regard? Carvana has always given me the same quote whether they're paying off a loan or a lease. Carvana pays the leasing company directly to dissolve the remainder owed on the lease. No title needed.

 

[VW TECHNICIAN]

I’m very sorry to hear of your misfortune and hope you find someone to take over your lease.

With that said, your payment amount seems very high. Roughly $300 more per month than what VW has been advertising on their website for a comparably equipped vehicle.


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Quotes posted on VW doesn’t include monthly taxes that you pay by the month when leasing. So he is 150 give or take more.

 

[jwaters943]

Quotes posted on VW doesn’t include monthly taxes that you pay by the month when leasing. So he is 150 give or take more.

Umm, might want to recheck your math. Even with a 10% sales tax rate (which is higher than most areas of the country) the lease payment on this spec ID.4 should still be no more than $420-435/month, depending on how many dealer installed accessories were added.

Unless he put no money down or the lease money factor was not very favorable (based on his credit) there is no legitimate reason the payment on this should even touch $500/month.


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[Spin]

Hey there everyone.
I just leased a gorgeous blue id4 about a month and a half ago. I’ve unfortunately lost my job and would like to transfer my lease (or sell the car). If anyone is interested, here’s a link to the car on swapalease with all the photos and the option to contact me. Thanks!

update: I will give $1000 as a cash incentive to whoever takes over this lease!

Volkswagen ID.4 Lease Deals | Swapalease.com

Sorry to hear about your employment situation. Good luck disposing of the vehicle.

 

[Tinman]

1. Do you speak from experience with this and VW Credit?
2. Are they unique in some regard?
3. Carvana has always given me the same quote whether they're paying off a loan or a lease.
4. Carvana pays the leasing company directly to dissolve the remainder owed on the lease. No title needed.

1. Yes.
2. I don't know. It may vary by state. I'm not in the most consumer friendly state in the country. There is a long list of leasing companies that Carvana does not work with, VCI is one of those they do.
3. I didn't say the Carvana quote differs. The payoff letter from VCI differs when furnished to a third party. They quote the payoff at their FMV ($46,536.00), which can create negative equity. VCI owns the car, you only have a legally enforceable agreed-upon price at lease-end. Or, upon payment of the residual early to take ownership of the car. This is the part that may be different state-by-state, idk.
4. Correct. However, Carvana will only payoff the lease after you send them a cashier's check to cover the negative equity. If you payoff the lease and obtain the title, there is no negative equity created by VCI's inflated FMV.

 

[jetglue]

Quotes posted on VW doesn’t include monthly taxes that you pay by the month when leasing. So he is 150 give or take more.

Fair enough. We don't have sales tax where I live. Still, the rate where he located in California is 7.5%. That does not explain a nearly $200-300 markup.

 

[Mutriu]

Umm, might want to recheck your math. Even with a 10% sales tax rate (which is higher than most areas of the country) the lease payment on this spec ID.4 should still be no more than $420-435/month, depending on how many dealer installed accessories were added.

Unless he put no money down or the lease money factor was not very favorable (based on his credit) there is no legitimate reason the payment on this should even touch $500/month.


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Unless he put no money down.... That is the key part that everybody's missing. If you put regular 3600 or so down PLUS all taxes upfront and have under 500 per month that is the same as you pay no taxes and DP and spread all payments over the 36 mo period and end up with 650-700 per month.

 

[blueID4]

Unless he put no money down.... That is the key part that everybody's missing. If you put regular 3600 or so down PLUS all taxes upfront and have under 500 per month that is the same as you pay no taxes and DP and spread all payments over the 36 mo period and end up with 650-700 per month.

I put $2250 down and my credit is 760

 

[SunWizard]

By putting in all the above with the usual MF .00143 for top credit 760, and worst case 9% tax, the leasehakr says $586. There must have been some extra dealer add-ons or they gave a bad MF. Here is a where you can play with any of the numbers to see what it changes.

CALCULATOR | LEASEHACKR

Leasehackr Calculator is the most powerful consumer research tool for car leases and car financing. It integrates lease, finance, and cash purchase programs for virtually all car models in the US and Canada.

leasehackr.com

If you put $0 down, you get $656, so if you get $1000 back thats better than 0 down and makes the $711 be not that bad of a deal if you really want it now.

 

[Knight]

Something tells me you got this one in Corona for the payment to be that high. I know VW is discounting the $7,500 of the vehicle price when you lease, at least to the dealers I visited, except for the one in Corona.Since it hasn't been that long can you still take it back?

 

[branden]

See what your local dealers will buy the car for - my understanding is that VW dealers can buy out the lease for the same price that you can, unlike third parties like Carvana and Vroom that get an inflated buy-out from VW Credit.

 

[izzyid4]

Is 711 including tax?