Sooooo....how long typically before lease term date will dealer/Audi let you out of a lease?
03-27-2007, 03:48 PM
#5
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I've seen *several* people write about turning in the lease a bit early.
At your dealership, you make customers wait until their final payment before you'd put them in a new car? Not even a month or two leeway?
03-27-2007, 04:22 PM
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IF and a big IF - your car pre end of the lease can fetch the dealer the complete
payoff of the car - then they'll let you out early. As an example, I had a 2004 A4 Avant. At the end of the 2nd year of my lease, they were willing to take the car with NO cost to me in trade in for our 05.5 A4 Avant.
As I near the end of my 2 year lease on the 05.5 - to buy the car - I have to pay all remaining lease payments.......
As I near the end of my 2 year lease on the 05.5 - to buy the car - I have to pay all remaining lease payments.......
03-27-2007, 04:39 PM
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Hunh???
I'm not sure if I'm misreading the question or not but I've gotten out of 4 leases. All early & 1 just after 1 year on a 5 year lease. The problem is I'm always upside down, which is no problem but I do have to come in with more than the usual down to absorb the "upside down" portion.
Is it that your timing your return so you can be a "wash"?
Is it that your timing your return so you can be a "wash"?
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03-27-2007, 05:12 PM
#8
sometimes, not always, they allow lease "pull-ahead"
i did this when i moved from my a6 to my s4- the a6 still had 6 months left on the lease but i was allowed to terminate in early by leasing another audi.
03-27-2007, 06:04 PM
#9
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Every AFS open-end Lease has a "payoff" There's never a need to keep it until the termination date
as it can be paid off by anyone at anytime prior to the actual stated return date. The only thing is if you have x number of payments left for x dollars, it is sometimes a better decision to pay the lease off rather than having the dealer pay the actual 'payoff' of the loan. For example, if you have payments of $400mo and 12 months to go, you're looking at $4800. On the other hand, if your buyout is 20k but the dealer will give you 18k for your car, its better to take the $2k hit. The problem with cars being depreciating assets is that for most people, they are looking at being $3000 - $8000 "upside-down" in their loan. This will either be 'tacked' onto the new loan, or will require a large down payment on the 'new car' to compensate. Your best bet is to take a look at Kelly Blue Book, and look at the 'trade in' number, and then login to AFS to request a 'pay-off quote' to see where you are at.
03-27-2007, 06:23 PM
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most people that want out early, are trying wayyyyyyy too early, like halfway...
which rarely works unless they like checkbook abuse.
Most folks go all the way to the end, and we all work together quite well to make sure they've ordered another car at the right time to coincide with lease end. A month or two leeway in most cases is pretty easy to deal with, but its a pretty infrequent occurance.
RB
Most folks go all the way to the end, and we all work together quite well to make sure they've ordered another car at the right time to coincide with lease end. A month or two leeway in most cases is pretty easy to deal with, but its a pretty infrequent occurance.
RB