Lease buy out
08-05-2004, 05:03 AM
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Lease buy out
Well much to my surprise I called VW credit to inquire about buying out my lease which ends in 3 months. They said the buy out for my 2001 225 quattro convertible is $31,000 !!!!!!!!! Sounds a tad high to me but maybe not to others. I asked if there was any wiggle room and I got a flat no..... Can anyone comment on this buyout price?
08-05-2004, 05:15 AM
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The buyout price shouldn't come as a surprise. It's in your original lease contract.
...<font color="003366"> As required by law.
Of course, the AFS price they phoned you about could be <i>lower</i> than the lease end buyout in the original paperwork.
Sounds like you need to read your contract.</font>
Of course, the AFS price they phoned you about could be <i>lower</i> than the lease end buyout in the original paperwork.
Sounds like you need to read your contract.</font>
08-05-2004, 05:51 AM
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Actually that's not true. There are a whole slew of details none of us here know. Like...
...<font color="003366"> the actual end price the lease was transacted on, how much money (if any) QuaTTrolakesilver put on the deal up-front, the money factor at the time of the lease, how much the dealer got from the transaction, how many annual miles the lease was written for and so on.
Without having these numbers, none of us are in a position to say what Audi would or would not rather do. The company doesn't exist to give vehicles away. And on a three year old roadster, it is <i>possible</i> that $31K is as good as Audi can go and not loose a s#!tload of money on the deal.
That said, it seems high compared to other '01 lease buyouts I've seen.</font>
Without having these numbers, none of us are in a position to say what Audi would or would not rather do. The company doesn't exist to give vehicles away. And on a three year old roadster, it is <i>possible</i> that $31K is as good as Audi can go and not loose a s#!tload of money on the deal.
That said, it seems high compared to other '01 lease buyouts I've seen.</font>
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08-05-2004, 06:51 AM
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Not true...If buyout is 31K, and Audi would take 28 ... they are better off than wholesaling
where they would probably get about 18-20k.
They would be in a much better position to give there customers a little of a break. As well, they would get out of warranty service and maintenance out of the deal.
They would be in a much better position to give there customers a little of a break. As well, they would get out of warranty service and maintenance out of the deal.
08-05-2004, 07:01 AM
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How often do companies quote a lower buyout at the end?
Is that a viable strategy? Lease the car, and then hope that you can get a lower buyout than contracted? How much potential is there for a hidden discount?
I know, you're depending on higher depreciation than expected. However, doesn't the dealer have influence on the residual value at the time of lease negotiation, whereas Audi negotiates the buyout offer? That would suggest a conflict of interest for the Dealer that could work in your favor.
I know, you're depending on higher depreciation than expected. However, doesn't the dealer have influence on the residual value at the time of lease negotiation, whereas Audi negotiates the buyout offer? That would suggest a conflict of interest for the Dealer that could work in your favor.