A4 (B5 Platform) Discussion Discussion forum for the B5 Audi A4 produced from 1995-2001 B5 FAQ

Anyone ever convert a lease to a purchase?

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Old 10-12-1999, 06:14 PM
  #1  
RickS
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Anyone ever convert a lease to a purchase?
Old 10-12-1999, 07:47 PM
  #2  
Audiboy
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Default My 96 A4QM soon. Under negotiation right now

Probably the best way I bought (or leased) a car. Why? 2% APR for 3 years for the lease, residual payoff in November for $15K (under negotiation) and with a total bill of $32K for my '96 including tax, financing and the cost of the car at $29k. Only a cash up front payment can beat that. A 5 year purchase plan at 7% will cost in excess of $38k when paid off. Drawback, gotta keep the mileage low and car clean for final inspection. No problem with that.
Old 10-13-1999, 03:48 AM
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John
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Default Re: My 96 A4QM soon. Under negotiation right now

Why on earth would the mileage or condition of the car be a factor if you are buying it yourself? I've done this any number of times and the dealer/lease agent never even looked at my car!
Old 10-13-1999, 06:00 AM
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RickM
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Buying my wife's '97 A6Q Wagon in the next month.
Old 10-13-1999, 06:03 AM
  #5  
RickM
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They won't inspect it if you're buying, but you'll need to fill out an odo statement (honor system!)
Old 10-13-1999, 06:46 AM
  #6  
Audiboy
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Default For negotiation, it's like returning the car and then working with them like buying it back...

My sister works with a financing company and she gives me all these tips. She got me my SUV similarly. Cost me $25k total with financing and all.
Old 10-13-1999, 09:52 AM
  #7  
chuck
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Default I assumed a friends lease, then purchased the car (more)

Audi finacial services were extremely difficult to deal with, and in my opinion were boderline dishonest.

It took almost 2 months to get the paperwork through Audi. When all was said and done i was terribly disappointed.

If my friend bought his lease out, sales tax would be required. When i bought the car from him sales tax again would be required. After continually asking questions to everyone at Audi, they finally brought up the fact that i could aquire his lease. Terrible customer service! This is not a flame, just aviod these folks with anything other than a simple task.
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