- Report: #1322357
Complaint Review: VW Credit Leasing LTD - Nationwide
Reported By:
Tila Taine -
castro valley, California, USA
Submitted:
Updated:
-
Author Confirmed
Why?
VW Credit Leasing LTD
Nationwide, USA
Phone:
800 428 3032
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
VW Credit Leasing LTD VOLKSWAGEN I am sick and turn my car in early ending my lease. They asked me to pay a prepayment penalty of $12,802.47. After calling numerous times they offered me a "discount" to a payoff of $8900!!! I told them I had to turn the car in because my hands and feet were numb for months and months. I was willing to send medical records. No one cared. I am not working with Zero income. What a ripOFF. I was also NEVER told i had a prepayment penalty when I signed the contract with the dealership. so so so illegal!!! libertyville illinois Nationwide
I turn my car in early ending my lease. I was never told I had a prepayment penalty. I had major health issues. My hands and feet were numb forv months and months. I am still under Doctor care. VW credit hit me with a prepayment penalty of $12,802.47
My car was in amazing condition with low mileage when I turned it in. I am not working nor do I have an Income!!!
2 Updates & Rebuttals
VW credit leasing update
#2Author of original report
Sat, September 10, 2016
One of my friend called them to make them an offer to settle and close my account. Volswagen credit has accepted the offer.
They will also update my credit report to show the amount owed as paid in full so my credit score can go back to where it was at 750.
Tough road and I am glad it got done and it is behind me. The moral of the story is I will never lease another car now.
Nate
Malibu,California,
U.S.A.
Read Your Paperwork
#3Consumer Suggestion
Sun, August 14, 2016
There may be a way you can get out of the lease (flease) penalty. You need to find all your documents from the original signing of the lease. Then carefully read through everything you signed (it would be best if you have a legal expert help you go over them). If you happened to sign up for gap insurance, life insurance, disability insurance or some other program that covers you in the event that you can no longer make payments due to a legitimate health reason, then you may have a legal way out of the contract. If not, then you will most likely have to pay the penalty. Leasing a car is only a good deal for the dealership and the manufacturer-never the consumer. If it was a purchase you could have sold the car to get out of the balance. Good luck!
