Here's the situation:
My mother leased a 2016 VW Sportwagen SE, and unfortunately did it without any involvement of me or my sister. I never looked at the lease agreement, but in hindsight I probably should have. She's living in Sarasota FL, while I'm up in NJ. Anyway, the lease ended in April. She had contacted the VW dealership about the option of buyout and the rep there said "wait until June." VW Credit finally contacted my mother and she'd told them she was interested in buying it. But when they came up with the residual value and final costs, they're claiming a buyout cost of $19,900. Her Sportwagen has only 8,000 miles on it... but it's 3 years old. The buyout cost seems a bit high.
It seems that the bank (VW Credit) doesn't factor in the actual depreciation. I'm thinking this is a complete ripoff and my mother should just give the car back.
Has anyone else here found VW Credit leasing arrangements to be this predatory?