Go Back   AudiWorld Forums > Audi Models > Audi S4 / RS4 > S4 (B8 Platform) Discussion
Sign in using an external account
Register Forgot Password?


S4 (B8 Platform) Discussion Discussion forum for the B8 Audi S4 produced from 2009-present

Welcome to AudiWorld Forums!
Welcome to AudiWorld.com.

You are currently viewing our forums as a guest, which gives you limited access to view most discussions and access our other features. By joining our community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join the AudiWorld Forums community today!


Reply
 
 
 
 
LinkBack Thread Tools Search this Thread Display Modes
Old 08-04-2014, 03:42 AM   #1
Audiworld Junior Member
Account #: 282414
 
Join Date: May 2014
Location: New Jersey
Posts: 11
Default Leasing mileage issues...

So I got my wonderful S4 recently via a 10k mile lease and suddenly my job situation changed. So instead of driving 4 miles each way to work I'm driving 30. Its not bad, very little if any traffic but now I'm heading way north of my mileage limit. I'm thinking of going to my salesguy, a nice one, and asking what I can do about this at this point. Even if I upped it somehow to 15k a year it would be too little. It seems to me that my only option right now is to just buy the car.

Should I investigate this now? Or wait till I'm more towards the end of the lease? I'm thinking Audi will be less likely to take the car back from me early if they know I'm about to pay a huge mileage penalty.

All the deals I hear about on the forum about buying the car out before the lease is up and making some money back due to the low residual sounds great but if the mileage is high then is that even possible?

Any advice please...thanks.
__________________
Current Ride:
2014 S4 P+ in Phantom Black on Black Alcantara
Navi / Sport Diff / B&O / Side Assist

Previous Rides:
2011 BMW 328xi Coupe
2002 BMW 325xi Sedan
1997 Nissan Maxima SE
MaxSport730 is offline   Reply With Quote
Old 08-04-2014, 04:53 AM   #2
AudiWorld Senior Member
Account #: 20260
 
Join Date: May 2001
Location: Franklin MA
Posts: 1,361
Default

my advice is to buy the car at the end of the lease and either keep it yourself or sell it
__________________
red b8 s4 manual with sun shades
StumpJumper is offline   Reply With Quote
Old 08-04-2014, 06:23 AM   #3
AudiWorld Super User
Account #: 53054
 
DrGP's Avatar
 
Join Date: Mar 2003
Location: Lehigh Valley PA
Posts: 12,015
Default

I can't guarantee this will happen for you but I have read posts where owners with excessive mileage were forgiven their extra mileage charges when they leased or bought a new Audi at lease end. If dealer buys the car to put on their lot rather than turning back to Audi , the mileage doesn't matter. Many of us, including myself have traded in their S4 rather than just giving it back. I made $6k on that deal. You can always buy the car at lease end and resell it if you want. I've done that once and put $3k in my pocket, but the transfer can be a hassle depending on what state you are in. Another thought. I leased a 2014 in Aug 13. Due to health issues and employment status, I no longer wanted to continue leasing. Back in May, I found a used 2011 S4 and traded in my leased 2014 on it. I was only $1k underwater. So if you have interest, you may be able to trade your S4 in NOW, for a 2015 ANYTHING. You can order what you want and still keep driving your current S4. But be aware, you may need to find a dealer that is interested. When I tried to get out of my lease and resell the car back to my seller dealer, they wanted nothing to do with it. leasetrader. com was totally useless. Its very hard to have someone else take over the lease of a VW /Audi car. Lots of red tape. You have lots of options an are no hurry to do anything. BTW, high mileage will negatively affect your trade in value.

Last edited by DrGP; 08-04-2014 at 04:04 PM.
DrGP is offline   Reply With Quote
Old 08-04-2014, 06:59 AM   #4
Audiworld Junior Member
Account #: 234441
 
Join Date: Apr 2012
Location: Warrenton, VA
Posts: 51
Default

^^^^ Good info from @DrGP.
Carbines is offline   Reply With Quote
Old 08-04-2014, 11:19 AM   #5
AudiWorld Senior Member
Account #: 141985
 
seinsmeld13's Avatar
 
Join Date: Jan 2008
Location: Niagara Falls Canada
Posts: 966
Default

Quote:
Originally Posted by DrGP View Post
I can't guarantee this will happen for you but I have read posts where owners with excessive mileage were forgiven their extra mileage charges when they leased or bought a new Audi at lease end. If dealer buys the car to put on their lot rather than turning back to Audi , the mileage doesn't matter. Many of us, including myself have traded in their S4 rather than just giving it back. I made $6k on that deal. You can always buy the car at lease end and resell it if you want. I've done that once and put $3k in my pocket, but the transfer can be a hassle depending on what state you are in. Another thought. I leased a 2014 in Aug 13. Due to health issues and employment status, I no longer wanted to continue leasing. Back in May, I found a used 2011 S4 and traded in my leased 2014 on it. I was only $1k underwater. So if you have interest, you may be able to trade your S4 in NOW, for a 2015 ANYTHING. You can order what you want and still keep driving your current S4. But be aware, you may need to find a dealer that is interested. When I tried to get out of my lease and resell the car back to my seller dealer, they wanted nothing to do with it. leasetrader. com was totally useless. Its very hard to have someone else take over the lease of a VW /Audi car. Lots of red tape. You have lots of options an are no hurry to do anything
In Ontario you pay 13% tax when you buy it, Therefore 13% goes down the drain the next day as the new owner pays 13% on what you sell it for to him or her. So buyout and quick flipping will not work here.
__________________
2013 S4 Canadian premium model-Stronic-phantom black-red/black nappa-sport diff-rear heated seats-titanium rims-AWE with downpipes-tint-Bilstein PSS10 with SPC adj. arms-weathertech mats f & r-tint
seinsmeld13 is offline   Reply With Quote
Old 08-04-2014, 12:04 PM   #6
AudiWorld Member
Account #: 244011
 
Join Date: Sep 2012
Posts: 278
Default

Audi will send you an offer to buy extra miles at a reduced rate about 1/2 way through the lease. However that payment will not lower residual. I'd buy the car or trade it in towards the end of the lease.
RickFLS4 is offline   Reply With Quote
Old 08-04-2014, 01:41 PM   #7
AudiWorld Newcomer
Account #: 211485
 
QuartzS4's Avatar
 
Join Date: Apr 2011
Location: Santa Clarita, Ca
Posts: 8
Default

If you are thinking of getting another Audi towards the end, the dealer will usually "forgive you" and will be willing to give you a new lease at a great deal.
QuartzS4 is offline   Reply With Quote
Old 08-04-2014, 04:01 PM   #8
AudiWorld Super User
Account #: 53054
 
DrGP's Avatar
 
Join Date: Mar 2003
Location: Lehigh Valley PA
Posts: 12,015
Default

Quote:
Originally Posted by seinsmeld13 View Post
In Ontario you pay 13% tax when you buy it, Therefore 13% goes down the drain the next day as the new owner pays 13% on what you sell it for to him or her. So buyout and quick flipping will not work here.
Didn't realize New Jersey( where the OP lives) was in Ontario! J/K. Thanks for the info from the Great White North.
DrGP is offline   Reply With Quote
Old 08-04-2014, 05:18 PM   #9
AudiWorld Senior Member
Account #: 106279
 
Join Date: Mar 2006
Location: San Francisco Bay Area
Posts: 649
Default

^^^ His point is still valid in most US states as well. It's not 13%, but in states where you only pay tax on the lease payment (New Jersey seems to be one of those), you'll have to pay sales tax on the buyout, which tends to eat up most of the equity you have in the car. Not a good idea to buy and flip unless you really come out ahead.
__________________
'13 panther blk RS5, Ti pkg, blk leather/alcantara, nav pkg, sport exhaust, driver assist pkg, rear shade, alu kreuz, ECS spacers 15f/10r, european delivery
'07 phantom blk S4, blk leather, 6mt, conv pkg, audio pkg, heated front&rear seats, bluetooth, nav plus, parktronic, DTM pkg, carbon trim, TPMS, rear&side shades (sold)
superswiss is offline   Reply With Quote
Old 08-04-2014, 05:46 PM   #10
AudiWorld Super User
Account #: 53054
 
DrGP's Avatar
 
Join Date: Mar 2003
Location: Lehigh Valley PA
Posts: 12,015
Default

Quote:
Originally Posted by superswiss View Post
^^^ His point is still valid in most US states as well. It's not 13%, but in states where you only pay tax on the lease payment (New Jersey seems to be one of those), you'll have to pay sales tax on the buyout, which tends to eat up most of the equity you have in the car. Not a good idea to buy and flip unless you really come out ahead.
When I sold my 2004 S4 I paid 6% PA sales tax Plus transfers(aprox $2400) . Sold the car for $2k under market value and still put $3k in my pocket. Buyer will have to pay sales tax on any car they will buy.
DrGP is offline   Reply With Quote
Old 08-04-2014, 05:46 PM
AudiWorld
Audi R8




Paid Advertisement
 
 
 
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -8. The time now is 12:45 AM.


Copyright 2014 AudiWorld.com Audi Enthusiast Community