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Audi lease prepayment penalty?

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Old 06-09-2023, 06:21 AM
  #31  
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Originally Posted by JNealCox
Well, the SQ8 should be out fairly soon. The projection is that it will get 275mi range--about 10 mi less than the standard SUV.
Anything above 250 miles with the 22” wheels is a win in my book.
Old 06-09-2023, 03:07 PM
  #32  
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Only the initial owner of the car gets the 7500 dollars. Which is Audi financial for leased vehicles. So there is no reason for them to care if you buy out the car at any point.
They are providing this $7500 lease option because (a) it exists and (b) extra paperwork for them is worth it to not lose customers to others like Tesla who qualify for the made in America $7500.
You go your Audi financial account and it will show the payoff.

I just did this with a BMW, bought out my lease, my bank sent them a check, car is mine (and the bank's). The only recent change to the buyouts in the last couple of years is that you can only trade it in at a Audi dealer. Earlier you could trade in a leased vehicle anywhere like CarMax.
Old 06-09-2023, 08:08 PM
  #33  
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Originally Posted by sbt007
Only the initial owner of the car gets the 7500 dollars. Which is Audi financial for leased vehicles. So there is no reason for them to care if you buy out the car at any point.
That's not entirely accurate. The owner has certain restrictions, i.e. must "show intent" to keep the vehicle etc. If Audi Financial turns around and sells the vehicle shortly after leasing it, that can be deemed to be circumventing the restrictions and "defrauding" the IRS. In an audit, the credit would be denied and they would be penalized. If they did this en masse, the penalties would surely be more severe.

So I'd fully expect that there be some restrictions, perhaps not being able to buy the vehicle until past the end of the year or such. Ask AF first.
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