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My lease is coming to an end :(.........

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Old 06-13-2007, 07:43 AM
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Default My lease is coming to an end :(.........

I love my current audi and have made a few little cosmetic mods to it..... but my lease runs out 10/26 and am unsure of what to do (if this thread needs to be moved please do) advice will be very appreciated. These are the two thoughts running through my head

1)buy it out..... 30k lease I only have 20600 currently will not make it to 30k, but i did not haggle at the time of the lease on the msrp so buying it would be like paying full msrp or even more then that?... opinions

2)extend the lease? can i extend it for a year this would set me up for the B8 which would make me happy ? I have read threads of people saying you can extend it for 6 months but how about 12 months? also can i set that last year up for 12k miles a year since i'm so low on my miles?

thanks all
Old 06-13-2007, 08:44 AM
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Default with that few miles I would DEF buy it out then sell it unless you decide

you want to keep the car. What is the buy out for the car? If it's less than the market value, I would buy it then flip it and use that cash towards another car.
Old 06-13-2007, 09:56 AM
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the buyout is about $25500
Old 06-13-2007, 11:52 AM
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Default Thats a little above wholesale and you'll probably have to pay tax on it.

I would not advice buying it out to resell it unless you have a buyer lined up. The car will probably sell for less than your buyout at the dealer auction.
Old 06-13-2007, 12:01 PM
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Default Re: My lease is coming to an end :(.........

You have to either buy it or turn it in. Audi F/S will only give you a 1 month extension on request. If you want a longer extension, up to 6 months total, you must have a new car on order and provide them with the order number. If you wanted to keep it another year to wait for the B8, you would have to negotiate a new lease with the dealer after the car is returned.
Old 06-13-2007, 04:50 PM
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If you want to keep your car long term, buy it. If not, turn it in and get something else.
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