My TT ain't worth a damn?
07-25-2000, 03:21 PM
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My TT ain't worth a damn?
OK ... here's my dilemma: Hopefully someone out there can help. I'd like to get out of my lease for my 2000 180 FWD blue/blue TT to get into a 2001 TTR. My dealer tells me that I have a fat chance on anyone wanting to buy a year old car with 20000 miles when they can buy a new one for $4000 more. My leasing company wants almost 5K to get out of my lease. Anyone out there have any idea what my TT may be worth now. Kelley's doesn't have a listing because the car's so new, and I can't really find a rough estimate of the car's worth anywhere. Does $29K sound reasonable? All options except phone and comfort.
Thanks in advance ...
-M.Richard<p>M.Richard
2000 FWD TT - Blue/Black
Thanks in advance ...
-M.Richard<p>M.Richard
2000 FWD TT - Blue/Black
07-25-2000, 04:53 PM
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In a way, high-resale value is a double-edged sword, especially early on. I would find a way to get
the extra $4K.
I don't know what you paid, but $29K sounds a bit much for a car with
20,000 miles on the odo. after only one year.
But since you don't own the car, you can't contest the assigned residual value with the lease company (through Audi Financial?), so what difference would it make, unless you intend to buy the car and then turn around and sell it.
I don't know what you paid, but $29K sounds a bit much for a car with
20,000 miles on the odo. after only one year.
But since you don't own the car, you can't contest the assigned residual value with the lease company (through Audi Financial?), so what difference would it make, unless you intend to buy the car and then turn around and sell it.
07-25-2000, 05:56 PM
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Your answer, my friend (look inside)
I just went through the valuation calculations when I was thinking about switching out for an S4. I am keeping the TT, btw.
My car is a 2000 model Silver/Ebony Fwd Coupe with 13000 miles and everything but phone. The buyout from my lease (VW Credit/Audi Leasing) was $30,550.xx. I had paid 13 payments on my car out of 39 when that calculation was made.
My sales manager said I had two options. I could find a buyer for $30,550 and bring him/her to them and they would sell the car to them for that price, essentially buying the car off of Audi Leasing. Of course, this buyer would have to meet their credit requirements for a loan or lease. This is called a "courtesy resale".
The other option was to take the difference between $30,550 (lease payoff) and trade-in value (he was going in the direction of $27,000) and roll the difference into the new lease. He was gonna give me some money off the S4 to counteract the shortage, too, but not completely. This was a "special deal" since I have been such an evangelist for their dealership for parts, service and car sales. Yada yada yada, I say.
This kind of thing should be attractive to your dealer, especially option 1 because they:
1. probably don't have a TT to sell right now, and they'd have yours! And you'd be bringing them the buyer!
2. They'd be getting new sale out of you, now wouldn't they to count toward bonuses and allocations.
3. They'd be getting a new customer and making an existing customer very happy.
So for them to blow you off is a losing proposition for them, isn't it.
Take it to him, and good luck!
Ivan<p>Ivan
<i>Jacksonville, Florida<i>
<img SRC="http://www.geocities.com/y2ktturbo/tinytt.jpg" BORDER=0>
"Zorro" 2000MY, 180hp, Fronttrak, Silver/Ebony, MKII suspension, spoilTT,
K&N, Garmin EMap GPS, Colgan "mask", Audi roof rack, Cobra R/D
My car is a 2000 model Silver/Ebony Fwd Coupe with 13000 miles and everything but phone. The buyout from my lease (VW Credit/Audi Leasing) was $30,550.xx. I had paid 13 payments on my car out of 39 when that calculation was made.
My sales manager said I had two options. I could find a buyer for $30,550 and bring him/her to them and they would sell the car to them for that price, essentially buying the car off of Audi Leasing. Of course, this buyer would have to meet their credit requirements for a loan or lease. This is called a "courtesy resale".
The other option was to take the difference between $30,550 (lease payoff) and trade-in value (he was going in the direction of $27,000) and roll the difference into the new lease. He was gonna give me some money off the S4 to counteract the shortage, too, but not completely. This was a "special deal" since I have been such an evangelist for their dealership for parts, service and car sales. Yada yada yada, I say.
This kind of thing should be attractive to your dealer, especially option 1 because they:
1. probably don't have a TT to sell right now, and they'd have yours! And you'd be bringing them the buyer!
2. They'd be getting new sale out of you, now wouldn't they to count toward bonuses and allocations.
3. They'd be getting a new customer and making an existing customer very happy.
So for them to blow you off is a losing proposition for them, isn't it.
Take it to him, and good luck!
Ivan<p>Ivan
<i>Jacksonville, Florida<i>
<img SRC="http://www.geocities.com/y2ktturbo/tinytt.jpg" BORDER=0>
"Zorro" 2000MY, 180hp, Fronttrak, Silver/Ebony, MKII suspension, spoilTT,
K&N, Garmin EMap GPS, Colgan "mask", Audi roof rack, Cobra R/D
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