ar coming off lease - purchase options
08-03-2007, 11:48 AM
#1
New Member
Thread Starter
Join Date: Nov 2004
Posts: 8
Likes: 0
Received 0 Likes
on
0 Posts
ar coming off lease - purchase options
I have an ar coming off lease in a couple of months.
The market value of the car is much less than the buy back price. I would like to buy it if I get it for a price close to the market price. Any suggestions on how I can work with AFS or the dealer on this?
Thanks,
The market value of the car is much less than the buy back price. I would like to buy it if I get it for a price close to the market price. Any suggestions on how I can work with AFS or the dealer on this?
Thanks,
08-03-2007, 11:55 AM
#2
Audiworld Junior Member
Join Date: Jul 2007
Posts: 29
Likes: 0
Received 0 Likes
on
0 Posts
Re: ar coming off lease - purchase options
Definetly go to your dealer and discuss your options.
1) Lease is coming up, I would consider buying this car at X price from you guys if you CPO it.
Dealer can go back to Audi and get a better price residule price. Otherwise Audi has to dispose of the car.
2) Call up Audi tell them that you are way over on the miles, your job is really shakey and you will probably default on the lease anyway and or the mileage overage..
Bad idea, but it works.
Talk to your dealer, they are dying to turn another car.
coup
1) Lease is coming up, I would consider buying this car at X price from you guys if you CPO it.
Dealer can go back to Audi and get a better price residule price. Otherwise Audi has to dispose of the car.
2) Call up Audi tell them that you are way over on the miles, your job is really shakey and you will probably default on the lease anyway and or the mileage overage..
Bad idea, but it works.
Talk to your dealer, they are dying to turn another car.
coup
08-03-2007, 06:23 PM
#5
AudiWorld Member
Join Date: Apr 2001
Posts: 520
Likes: 0
Received 0 Likes
on
0 Posts
Just went through same process w/ my '04
Dealer offerred $2k discount off residual. Audi Financial offerred a $3k gift card. I took the gift card from Audi and purchased the car (easy transaction). It's still not a good deal financially - i.e., I would have been better off had I turned in the car.
Since I was over miles and would have had to pay $2,500 to return it, at $25k residual less $3k gift card, the way I look at it, my net cost to purchase the car was $19.5k. Although that amount is somewhat over the "market value," I had no problem paying that amount to continue to own this amazing car. QED.
Since I was over miles and would have had to pay $2,500 to return it, at $25k residual less $3k gift card, the way I look at it, my net cost to purchase the car was $19.5k. Although that amount is somewhat over the "market value," I had no problem paying that amount to continue to own this amazing car. QED.
08-04-2007, 07:27 AM
#6
Just did it in late April on my car to my satisfaction.....
But you need to be within 30 days of lease end to negotiate. Audi Financial offered me cash in a gift card (which coincidentally I haven't seen yet, hmmm), and 2.9% financing if I wanted it. I also negotiated in a 36/36 Audi Pure Protection warranty on top of the other things. I waited until they made all their offers, then said that if they threw in the 36/36, we could close the deal right then. Took a manager's approval, but they did.
Negotiate away.
BTW- my dealer couldn't come close, either that or they were trying to pocket a lot of profit for themselves.
Negotiate away.
BTW- my dealer couldn't come close, either that or they were trying to pocket a lot of profit for themselves.
Trending Topics
Thread
Thread Starter
Forum
Replies
Last Post
no.radar
A4 (B6 Platform) Discussion
10
05-15-2002 08:23 PM
