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Question about excess miles at lease return

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Old 06-27-2007, 11:36 AM
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Default Question about excess miles at lease return

Does Audi charge for every single mile over the allotted miles on a lease return or is there a grace for a few hundred miles?

My A4 2.0T is not due back until late September but I am approaching my 20K limit right now. I am sure if I were leasing from Audi again, they would forgive a few extra miles, but I am getting a Euro delivery BMW 335i. My A4 is is excellent condition with no door dings, scratches, interior damage, etc. that are expected as normal wear and tear and I will most likely put on at least 2 brand new tires before I turn it in. I was just wondering if they charge you for every single extra mile or will let you slide if it's below a certain threshold.
Old 06-27-2007, 01:09 PM
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Default They can be nice if they want. Just start looking at a new S4 on their lot and take one for...

a test drive. Feign interest. It can work.
Old 06-27-2007, 01:24 PM
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Default They will charge...

I turned back in my 2005 A4 a few months ago...but fortunately I was BELOW my alotment. :-)
Old 06-27-2007, 06:31 PM
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Default Re: Question about excess miles at lease return

I am in a different situation. My 06 A4 2.0 QT w/premium/walnut trim and convenience (Quartz/Ebony) is due back 9/29. I leased for 15K miles per year - I am likely to return with under 23K - giving them 7K miles. Anything I can do to weasel cash back or credit on new lease??
Old 06-28-2007, 01:45 AM
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Default Re: Question about excess miles at lease return

I tried trading in my lease a few years ago for a new B7. I was way under my miles but needed new tires. So they made that combo a "wash." It still wasn't much of a value to me so I walked. Then a few weeks ago I tried trading it again and they were only going to give me low book for it. And now I am way way way under my miles and with newer tires. Again, I walked. So I conclude it doesn't really matter how nice your trade in is. They are programmed to take it in for the lowest value and make the most money off of it at auction or as a CPO. I think it's kind of a loss on the dealer's behalf to always go by this plan. Regardless of how low the miles are and how ding-free it is, they have to follow the "rehab" program (if it's going to be a CPO) and that adds cost to the transaction. In my case they could have re-sold my trade as a CPO on the high end and made around $5-6k off of it (I have a very low residual). Either way, you are always best selling your car privately if you are under miles and it's in good condition. The dealer is rarely ever going to "credit" back what you haven't driven. Maybe on a very slow day, but it is not their normal procedure. Or they may say they are giving you some credit for the low miles, but then they might jack up the selling price of what you are now buying. Best just to sell it yourself and pocket the difference if you can.
Old 06-28-2007, 04:43 AM
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Nope
Old 06-28-2007, 06:28 AM
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I was under by about 4K miles...nothing they do for that.
Old 06-28-2007, 06:31 AM
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Default Maybe

If your payoff is below fair market value then you could buy then sell it. You'd need to do some research, have short term financing, market your car (cars.com) and sell it. If you can undercut similar dealer priced cars and still make $1,000 or more than your payoff then its worth considering, IMHO.
Old 06-28-2007, 07:02 AM
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Default Sell it to Carmax

I just sold my wife's minivan to carmax and was offered $5K (19k vs 14k) more than at the Honda dealer where we were buying a new SUV. I have a lease on my Audi that is up in about a month and plan to get a carmax appraisal, if there's a big enough difference over my residual then buyout the lease and resell. It's much easier than selling privately.
Old 06-29-2007, 01:05 AM
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nope
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