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VW could resurrect Phaeton and Scirocco models

Volkswagen is reaching deep into its stable to find new ways to grab a bigger slice of the American car leasing market.

The German automaker could bring its Phaeton sedan and Scirocco coupe back to the U.S. in an effort to compete with Toyota and General Motors.

The  Phaeton sedan was a sales flop when it entered U.S. showrooms in 2004, lasting just two years before VW pulled it from the American market. Conceived as a competitor to luxury vehicles from Mercedes and BMW, the car needed four years to reach its sales goal of 20,000 vehicles worldwide.

Now VW is trying a new strategy as it aims to triple American sales, reaching 1 million vehicle deliveries by 2018, including Audi lease totals. As a first step, VW unveiled a new Passat sedan in January, featuring a larger design for the American market.

The company also redesigned the Scirocco in 2006, but hasn't returned that model to the U.S. since it ceased global production in 1992. That, too, could change soon.

"We will be looking for opportunities [to return the Scirocco to the U.S.],"  VW's U.S. chief, Jonathan Browning, told reporters this week. "We will reconsider bringing the Phaeton back to the U.S. in the next product cycle."

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Time Magazine

Websites like Swaplease.com have helped facilitate such transactions. You pay to dump a lease, but the price can be thousands less than you would owe if you turned the lease in early to a dealer. Meanwhile, buyers can pick up some sweet rides for hundreds less than their normal cost, with short-term contracts and no down payment.

USA Today

Consumers aren't limited to what's being offered on the auto lots. They can buy a car, or take over someone else's lease on Web sites like Swapalease.com, a popular site that act as matchmakers between buyers and sellers.

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Terminating a Car Lease

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Getting out of a cal lease early
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Find someone to take over your lease through service such as Swapalease.com. The site charges a fee to post a listing, and say finding someone is easiest for leases with 24 months or less left.

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