What would you do?...
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What would you do?...
So here's what I'm faced with. I drive a 2007 Audi A3 (2.0, FWD, S-Line, APR software, fuel pump, exhaust and other cosmetic mods). I love the car but, in fairness, it has had more than it's share of repair issues (has a new engine replaced a year and a half ago at Audi's expense!). I could do the following deal, using just the equity I have in the A3, no additional out of pocket. Sell the A3 (Carmax) and buy a 2013 VW Tiguan SEL (full loaded with everything but 4WD). My payments would go from $423/month on the loan for my A3 (17 months left on it) to $239/month on a 36 month lease on the Tiguan. I would also be able to have my name on the lease which I had not been able to do for prior credit "dings" before (which I've worked very hard to fix). The A3 and our previous vehicles have been only with my wifes's name. Having my name on will further improve my credit score. That said, I do love my A3 (low mileage; just a little over 50K miles on it) and it is pretty special...I am torn. We drove the Tiguan and it is really nice. Not too "SUV like", very nimble and sporty (and APR software would go in immediately!). I like the being a little "above it" even in a small SUV...what would you do?...
Audiworld Junior Member
Joined: Jul 2012
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So here's what I'm faced with. I drive a 2007 Audi A3 (2.0, FWD, S-Line, APR software, fuel pump, exhaust and other cosmetic mods). I love the car but, in fairness, it has had more than it's share of repair issues (has a new engine replaced a year and a half ago at Audi's expense!). I could do the following deal, using just the equity I have in the A3, no additional out of pocket. Sell the A3 (Carmax) and buy a 2013 VW Tiguan SEL (full loaded with everything but 4WD). My payments would go from $423/month on the loan for my A3 (17 months left on it) to $239/month on a 36 month lease on the Tiguan. I would also be able to have my name on the lease which I had not been able to do for prior credit "dings" before (which I've worked very hard to fix). The A3 and our previous vehicles have been only with my wifes's name. Having my name on will further improve my credit score. That said, I do love my A3 (low mileage; just a little over 50K miles on it) and it is pretty special...I am torn. We drove the Tiguan and it is really nice. Not too "SUV like", very nimble and sporty (and APR software would go in immediately!). I like the being a little "above it" even in a small SUV...what would you do?...
Yeah, you'll miss the A-3, but there's pain with every gain, and you like what you're trading for, and with any luck, you will get a much-fewer-problems car.
Thread Starter
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You know, I would tend to take the deal, both to get my credit rating back and to get that payment down (which may well help me keep, and even improve, my credit rating, depending on the situation, and will certainly help the current wallet condition).
Yeah, you'll miss the A-3, but there's pain with every gain, and you like what you're trading for, and with any luck, you will get a much-fewer-problems car.
Yeah, you'll miss the A-3, but there's pain with every gain, and you like what you're trading for, and with any luck, you will get a much-fewer-problems car.
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From: CT
Unless you plan on purchasing the Tiguan at the end of your lease, its probably not the best idea to APR flash a vehicle thats not technically yours. Just my 2 cents.
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I don't see any reason why not. I've had APR software in all my VW and Audi vehicles for the past 12+ years and they've all been a lease. It's a non issue.
AudiWorld Member
Joined: May 2010
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From: CT
I see that you are trying to improve your credit, did you see if you could refinance the A3 in your name for a lower rate? Maybe check the credit unions. I figure you are a little over a year away from paying off your A3(no more car note), why would you sell/trade-in the A3 you are close to out right owning for a basically rented car that you plan on modding only to give it back after 36 months. It just doesn't make sense to me. I'm only giving my opinion which is worthless, but you asked for opinions, right?
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