bugout

That potential issue is discussed here: https://www.audiworld.com/forums/aud...trons-2973768/

SYMAWD

Only some are stop sale. Others are still able to be sold.

perlfather

I am considering leasing instead of the usual buying and am wondering are these open leases in the sense that the buyer has the option of buying the car at the end of the lease for the residual value?

SCarGuy

Yes

1st Audi Owner

Please correct me if I am wrong, but I believe all leases are "closed-end," which benefits the lessee -- you and me. If you purchase the vehicle at the end of the lease, it doesn't matter if the lease is a closed-end or an open-end lease--you pay the residual amount stated in the lease and the vehicle is yours.

Where is does matter is if you decide not to purchase the vehicle at the end of the lease. In that case, in an open-ended lease you owe the lessor (Audi Financial) the difference between the residual amount stated in the lease and the actual market value of the vehicle. If in fact the market value of the e-tron has plummeted at the end of the lease, the lessee could owe Audi Financial a substantial additional payment.

This is my understanding from having generally leased vehicles over the years. I always make it a point to ask the finance manager to point out two provisions in the lease agreement: 1) the closed-end lease provision and 2) the inclusion of "gap insurance." Both were always important to me.

navill

After receiving a 9,800 cap reduction, no sales tax in NJ and a trade in allowance of 38,000.00, with 2,500.00 down, your monthly payment is 1283.00. what am I failing to comprehend?

navill

ok, I get it, they owe you 299.00. monthly cost was listed on a standard form

SCarGuy

never seen an open end car lease and I’ve leased 16 cars from various brands in 19 years. Audi is not an open end lease. Nor is BMW, MB, Porsche, Aston, Volvo, GM, etc.


GAP is part of any lease I’ve ever seen. It’s optional (state by state basis) on most car loans.

1st Audi Owner

I guess I am older than many on this forum as I have been leasing cars since the early 80's. Always made sense as I used my cars in business so the tax deduction was optimum. Way back when banks leased more cars than the financial arms of manufacturers it was not uncommon to be offered both open-end and closed-end leases. I can also remember leases before gap insurance was offered.

This is why I was surprised when you posted "yes" to perlfather's inquiry:

SCarGuy
You are correct that all leases have gap insurance and the only one being used today are closed-end leases, but old habits die hard, so I suppose I will always ask. Best regards.