Anyone here lease their Audi, then buy the car after the lease was up?
02-04-2002, 08:56 AM
#1
AudiWorld Member
Thread Starter
Anyone here lease their Audi, then buy the car after the lease was up?
I still have till Dec on my lease, but I'm looking at my options. I love my car, and want another A4. Was wondering if it's worth buying the car at the end of the lease. My residual is $19,000. Looking at Edmunds and Kelly Blue Book, if I was to sell the car privately, I can get just over $20,000... but that may change come Decemeber.
02-04-2002, 09:01 AM
#2
LOL!!! I have the exact same car, same year, lease ending in December!!.........
Residual is also 19,000. I actually plan on buying it out in July.
It's actually a pretty good deal. The buyout price is actually a bit less than the book value. If you buy it and then want to sell it, you'll probably profit a couple grand. The great thing about buying it is that mods, mileage, and any little dings or dents become irrelevant.
It's actually a pretty good deal. The buyout price is actually a bit less than the book value. If you buy it and then want to sell it, you'll probably profit a couple grand. The great thing about buying it is that mods, mileage, and any little dings or dents become irrelevant.
02-04-2002, 09:12 AM
#4
AudiWorld Member
Thread Starter
About your mods and buyout...
Have they made a noticable difference? I remember seeing a writeup from you a ways back about your mods. Right now my car is bone stock (although I replaced my worn out SP8000's with SP5000's), I considered mods, but didn't want to invest the money since it is a lease and I might not keep it.
How's the buyout work? You pay in cash what you owe on the remander of the lease, then purchase the car for the residual?
Also, do you know if the car is Audi Assured after the lease is up? Thanks!
Mike D.
How's the buyout work? You pay in cash what you owe on the remander of the lease, then purchase the car for the residual?
Also, do you know if the car is Audi Assured after the lease is up? Thanks!
Mike D.
02-04-2002, 09:15 AM
#5
AudiWorld Member
Thread Starter
Re: Same situation (same year too) but w/ the 1.8TQS...going to get a new one, but i'm 20k over in
Ouch, 20K over! I knew I'd drive a lot so I got 18K a year on mine... As of now I have 48,000 miles on it, since it's a 39 month lease, I believe I have up till 58,500 miles and after that, I'm over.
02-04-2002, 09:15 AM
#6
My lease is up in March and I don't know what to do..more
I have a 99.5 2.8Q for which the lease is up next month. However, my buyout seems to be about $1500 over the value on Edmunds.com. I'd prefer to buy it out and keep it for a few months and pick up the new A4 later this year. However, I refuse to pay more than the car is worth. I already asked AFS and they said they will not negotiate buyouts.
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02-04-2002, 09:28 AM
#9
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When I leased my A4 I was a student, so I was worried mostly about my monthly payments.Thankfully
my guaranteed residual is less than the fair market value of the car.
I'll end up with a couple thousand in my pocket towards my next a4.
I'll end up with a couple thousand in my pocket towards my next a4.
02-04-2002, 10:06 AM
#10
My lease is up this August. I may buyout the car this summer.
I have to call AFS and find out the cost of the car. I believe the residual is $16500 in August (39 month lease). I plan on modding it and keeping it for the life of the car (hopefully at least another 6-8 years).