What Happens to Your VW Lease or Financing When You Receive a PCS?

A Permanent Change of Station (PCS) comes with its fair share of challenges. Among the countless decisions you need to make, one question might stand out: What should you do with your current Volkswagen lease or loan? At Speedcraft Volkswagen, we proudly support the military community in Wakefield and beyond, and we’re here to provide clear, actionable steps to help you manage this part of your transition.

When is an Auto Lease Eligible for Cancellation?

Thanks to the Servicemembers Civil Relief Act (SCRA), you may be able to cancel your lease under certain conditions. However, there are restrictions to consider:

• The SCRA applies only if you’re called to active duty and moving overseas, or to Alaska or Hawaii, for at least 180 days.
• If your PCS is within the Continental United States (CONUS), the provisions of the SCRA do not apply to your auto lease.

How to Cancel Your Volkswagen Lease

If you meet the SCRA qualifications, here’s how to cancel your lease:

1. Contact Your Financing Department: Reach out to the company servicing your lease (this could be Volkswagen Credit, a bank, or a credit union).
2. Prepare the Required Documentation:

• • A written letter explaining your lease termination request, including the date the lease should end.
  • A copy of your official military orders.

3. Submit Your Documents: Submit your documentation to the appropriate party as instructed by your finance department.

Need guidance? Our Speedcraft Volkswagen team is here to assist you throughout the process.

Can I Cancel My Financing Plan?

Unfortunately, financing agreements are not covered under the SCRA. You’ll need to continue making payments as scheduled or explore these options:

• Find a Buyer for your vehicle to transfer the financial obligation.
• Transport Your Volkswagen to your new station. While this involves costs, it might be worth it if you’ll be stationed there long-term.

How to Sell Your Financed Volkswagen

Selling your vehicle can alleviate the stress of ongoing payments. You can choose to sell privately, but this can be time-consuming. A quicker option? Bring it to Speedcraft Volkswagen!

• We Buy All Makes and Models directly at our dealership, saving you the hassle of private sales.
• With our online trade-in evaluator, you can check your car’s value without leaving home.

How Speedcraft Volkswagen Supports Military Families

Whether you’re navigating a lease return, selling your financed vehicle, or searching for a new ride, our team is committed to supporting you. We have extensive experience assisting military customers and understand the unique situations a PCS can present.

Need Help? Visit Speedcraft Volkswagen Today

Managing a PCS doesn’t have to be overwhelming, and your vehicle situation shouldn’t add unnecessary stress. At Speedcraft Volkswagen, we’re honored to serve military families in Rhode Island and beyond. Call or visit us today, and we’ll help you explore your best options.

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