Crashton

Our 99.5 A4 2.8 Tip Q goes back to the lease company in a month. Any tips on what or what not to do? We've kept it in good shape, but do have a few minor dings. I wonder how bad they'll stick me in the wallet. This was our first lease. We're leasing another Audi it's a 02 A4 1.8 tip Q.
Thanks in advance.

weeeeeeee

Just curious, how much did the lease cost you, for a car you dont own?

mmccall

if it's worth more than the residual (not uncommon) then you could have equity there

Oaktree

My buddy had a crack in his windsheild and a few dents and they told him that they cannot expect the car to be perfect.

Oaktree

The only reason to own a car is if you are assuming the car will be worth more than what you owe on it, mod it, or you plan on keeping it forever. The dealer tries to estimate what the car will be worth at the end of your lease/mileage and you pay the difference. You only pay for what you use. If the car is worth more than they cut you a check for the difference.

Example: I bought an A4 and crashed it at 5000 miles. The insurance company said it was only worth 25K but I still owe 29K on it. Damn I just lost 4K and can do nothing about it. On a lease, I don't own the car so I don't give a damn what it is worth or what the insurance company does with it after an accident. Audi financial has the title.

MuRaN0Daddy

get a payoff. you can negotiate the buy number with the bank.then, sell it privately! i just did this with my last(ha) car with 10 months to go on that lease and really made out!

Crashton

We carried a gap insurance policy on the car so if it had been writen off in a wreck the insurance would cover the entire worth of the car. I keep my cars for at least 100,000 miles, but my wife will only drive a new car. The lease makes sense for us. The payments are much cheaper than buying it.
Thanks for all your responces.