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VW Pull Ahead Program Question

eltiodolfoeltiodolfo Member Posts: 104
edited October 2018 in General
I am trying to understand how the pull ahead program works. Supposedly it allows you to turn in your car early with no penalty if you have a certain car and get a new certain car. For example, right now they have pull ahead program for the Jetta. I am guessing this is because the 2019s recently came out and they want to sell them.

So who exactly would pay off those remaining payments? Would the dealer be paid by VW? Just like incentives? I wouldn't think the dealer eats up those remaining payments on the lease.

Thanks!

Comments

  • kyfdxkyfdx Moderator Posts: 228,316

    I am trying to understand how the pull ahead program works. Supposedly it allows you to turn in your car early with no penalty if you have a certain car and get a new certain car. For example, right now they have pull ahead program for the Jetta. I am guessing this is because the 2019s recently came out and they want to sell them.

    So who exactly would pay off those remaining payments? Would the dealer be paid by VW? Just like incentives? I wouldn't think the dealer eats up those remaining payments on the lease.

    Thanks!

    VW Credit owns the car, and collects the payment.
    On a pull-ahead, VW Credit forgives the payments and your account is closed. Then, the car is either offered to the dealer or sent to auction, just like any other lease return.

    If there is any money changing hands, it's from VW of America to VW Credit.

    (assuming there is an official pull-ahead program)

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  • eltiodolfoeltiodolfo Member Posts: 104
    Thank you.

    What if there is no official pull ahead program and the dealer says "they will take care of the payments". Assuming you are buying or leaser a new car from the same dealer. Will they most likely add that back to the new deal?
  • kyfdxkyfdx Moderator Posts: 228,316
    Nothing goes away for free, unless your car is worth more wholesale than the lease payoff. In that case they could just take it in trade. (rarely works out that way).

    If they eat $XXX in payments, then either that money gets rolled into your deal, or they hold the line at a higher price to make up for it. Either way, it’s you that pays to get out of the lease.

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  • eltiodolfoeltiodolfo Member Posts: 104
    Thanks for answering the questions!
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