AuDIPimP_03

Has anyone traded in their '03 audi a4 for the '04 A4 ultrasport??? if you have wht kind of penalty and payment increase am i looking at?

Bob Loblaw

First year of leases are always the worst for vehicle value vs. lease amount outstanding.

Unless you put A LOT down up front (but then why lease?)

GTakacs

It is very easy.

You have to check how much your current lease payoff is, then check how much the dealer trade-in is or how much you can sell it for yourself.

Then you take the difference of the two (payoff minus trade-in value) and you have to come up with the difference.

As A-Dubya already wrote, unless you put down some serious cash up front (a very BAD idea on a lease, or any purchase for that matter) you will be upside down really bad.

You can of course roll this negative equity into your new purchase (up to 125% I think) and face the higher monthly payments. Just don't ever try to get out of that one early, you'll be even more upside down at that time.

Lease is a fixed term rental agreement, be prepared to pay the price for early termination, there is no such thing as a free lunch.

The only exception is a manufacturer sponsored lease pull-ahead program, which Audi does from time to time. But your 2003 A4 would not be eligible at the moment anyway, it is too fresh to be traded in through that program, it is usually for people with less than 12 months left on their leases.

Eddie Man

Grab the Vasoline.

imajn34

and then his monthly's increased but not alot. Search for it, i can't remember exactly.