Ming 2.7T

2000 A6 2.7T Tip. OPtions were the convience package, curtain air bags, Xenons. THink I paid 40,110 for it. Residual is 21,968.

I called and said I received a letter stating my options. I said I wasn't thinking about buying it, but the letter sparked some interest, what can they do for me.
THey said they will waive the last payment of $556, give me a $1000 visa debit card and 1.9% financing. Total payoff with taxes they said would then be 23,778(amount to be financed).
21968 residual amount
sales tax 1,694
Fees 65+50= 115
SO I dont make a $556 payment and get $1000 card

I know they make up for this by keeping the 1000 in the amount financed over time.
SO what do you think about this????? Good, bad, counter if I can?
THanks
Oh, forgot, I can also pay cash to buy the car if that has some leverage??

OPTIMUS PRlME

is that your k04 bad boy? or do you have 2 2.7Ts?

john in cincy

them down on the cash price to something similar. By the way, they are not making the $1,000 back on the financing, 1.9% is probably costing them as well. The simple fact is that they (your leasing company whoever that was) is about to take a bath on the residual and will do whatever it takes to get you to buy the car.

By the way, you should smile as you essentially will end-up paying significantly less for the car than you would have if you bought it straight-up.

John in Cincy

TRed 2.7T

All of us know that you love that car ) but they don't. I would at least try to get them down a little bit, I doubt they would move more than a $1,000.00. IIRC, from other posts, they don't dicker on price but it would be worth a try, don't they have gap ins?

Black booktrade in is $18k to $20k depending on the condition. They are retailing in my area, the midwest for anywhere from $19K (90K miles and no AA) to $27,500. (35K miles and AA).

Your close, but how do you put a value on the mods??

If I were a betting man, I would bet you keep it, your daughter would love driving it!!!

DWP

Seriously, Edmunds shows $19,244 for tradein, 21,250 for PP sale, 23,250 for dealer sale. All are clean with 60k. So your residual is not outrageous. Of course, they'd be lucky to get $17k at auction so there's probably lots of room to deal. But many of them won't deal - they have insured the loss on resale. Can you find out if this is so for you? Who is the lease co?

Anyway, if you walk away, you'll have to restore it to stock before you turn it in, won't you? And then what do you do for, well you know, fun transportation?

Silver 2.7tt

I think that would be my main concern if I were in your position. 2.7 is a nice car but might have some expensive repairs down the road and the cost of ownership is probably the same or close to leasing another new vehicle because you are paying everything out of your own pocket and also the insurance cost will be higher because you don't get the benefit of a used car insurance.

April

You'll need to factor in the penalty if you turn it back in. Obviously it's not leverage for you, and you don't want them to know about it either, or they will know they have you one way or another.

You have the cost of putting it back to stock at this point.

Cash is less desirable than financing. They can't make any money off you via interest.

You can counter-offer, but don't expect much reaction. You'll most likely have to work your way up the food chain of authority to find somebody with the authority to change the deal. Don't present you counter offer to the people lower down, because if you have a record of declined offers, it gets harder to get a yes out the person higher in the organization. Even then, it depends on their loss/gap insurance. In some cases they would rather take the hit up front, and make it back with insurance.

Ming 2.7T

Go for the fair deal, sometimes the good deal or great deal, land in your lap. SO what do you think, I am leaning on paying cash for the car.
my res is 21,968, that plus the taxes/fees add up to 23,777, that would be the buy out amount. I dont make a 550 payment and get 1000 gift card for anything, so actually paying ?? 20.3K for the car. Without researching, my first impression is its a fair amount for the car.
And I was always going to buy the car from day one.
I also have an extended warranty that last another 40k and till Jan 2007.
I could try to get 500 or 1000 more but dont want the hassle. I was going to call and ask if anything else, if not thats fine, I will go with what they have offered up front.
Geez where esle could I get a car like this for 20k???

Ming 2.7T

Have ext warranty already till 2007/jan

April

with all the red tape of gambling for a few hundred more.

Seems like a nice smooth transition from leasing to buying with minimal hassle.