Belligerent

What is the best way to buy it out. I know that on the lease agreement there is a buy out. But what about turning it in to the dealer and then buying it right back. Is there any cost savings or maintenace benefit to doing this? Might there be better rates on either leasing it or buying it back. I've always just walked away and leased a new vehicle but this time I plan on keeping it and giving it to the wife to drive....

Thoughts?

RippleChip

At the end of lease Audi had a 0% finance promotion on so I turned around and financed the buyout for the 2 years. Also you get the Audi Assured warranty when doing this so it added a nice extension to the overall warranty of the car.

Go into your dealer and see what the current rates and options are. afretes or jheacock could offer some advice on this one.

MiniMan

Unless your buyback is above retail market value, just buy it back.

jheacock

If you turn the car in to your dealer with the intention of purchasing it, have them put the Certified Pre Owned warranty on the car and do all the inspections/reconditioning to the car. This will cost you roughly $1500 plus the recon $'s and whatever profit you negotiate with the dealer as they wont likely do it for free. This will open up a 1.9% finance rate for you from 12 months up to 72 months...the low rate is well worth the extra cost of the CPO plus with the CPO warranty you will have the remainder of your warranty PLUS another 2 years 40k OR just the later if you are already out of warranty.
Check the auto trader to see what similar cars are retialing for to be sure you arent over paying for yours though! if it is in the range or slightly lower than what they are retailing for you shoudl be in alright shape after the CPO if you chose to go that route.

RippleChip

What's your typical schedule, want to come by with someone to discuss a few things.

Bruno_S4

Hmm I smell a new car purchase in the future?

Ryan in T.O.

Well said. CPO is extremely valuable on Audis, especially if you decide to sell in a couple months.

Belligerent

My buyback is around $22K only have 55k km's on it. 2004.

Jet Jockey/A4 Pilot

1- First of all check your contract. There is a $500.00 fee for the buy out.

2- Audi just authorized the dealers to offer a 1.9% financing option <b>if</b> you take an extended warranty.

3- The extended warranty on the A4 is now up to $2500 from the $1500 a few years ago. Also the amount of kilometres covered is down . It use to be an additional 2 years up to 160,000 kms but now its only 2 years and 120,000 kms.

4- You cannot negotiate the buy back from Audi. It's take it or leave it. Chances are your car is worth less (depending on mileage, condition and options) than the current market value. This means you are somewhat getting screwed.

In my case because I'm 20,000 kms below my max allowable kilometres I'm coming out pretty even. I will not take the extended warranty because I got through the dealer a cheap enough loan over 4 years that financing the $2500 for the warranty makes my payments $20.00 a month more than a loan without the warranty.

Hope that helps you.

McLaren

Decisions ... decisions. If the CPO is now $2500 and i dont really see it as worth it.