Anyone Want To Takeover My Lease?
11-15-2012, 07:38 PM
#11
AudiWorld Senior Member
11-15-2012, 07:49 PM
#12
- Maintenance costs.
- Warranty and the risk you take of driving a car out of warranty
- Driving a new car vs a 10 year old - new technology and what that does for you.
- Taxes and deducting costs as a business expense.
- Etc.
Not a clear cut decision as you make it out to be.
I drive between 25,000 and 35,000 miles a year. I therefore have two cars - a leased Audi Q5 (12,00 miles a year) and a purchased Golf TDI - doing the bulk of the commuting in the TDI. My wife drives a standard 12,000 miles a year and it makes sense to have her lease a car as her driving habits are constant and she likes (and can afford) a new car every three years.
Horses for courses, but for the OP to ask for someone to take over a baldly planned financed car is ludicrous.
.
11-16-2012, 01:13 PM
#13
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Out of curiosity, why do you want to get rid of is so soon? Just wondering.
11-16-2012, 04:07 PM
#14
AudiWorld Senior Member
Thread Starter
This from Audi's website and that's with money down as well. So tell me how I got a bad deal and paid a lot again? I'm glad we got the Lease vs. Finance issues out of the way. Dsackman did a good job of explaining it.
11-17-2012, 06:24 AM
#15
[QUOTE=Coolieman1220;24372793]Badly planned financed? No. That is not the case. I got into this lease with ZERO money down. It's actually a good lease deal.
QUOTE]
Yes, badly planned. You stated the lease is for 10,000miles a year. That equates to 833 miles/month. You have already done 12,700 miles over the 10 months of ownership. You should only have done 8,333 by now.
Are you expecting the new owner to swallow that deficit?
.
QUOTE]
Yes, badly planned. You stated the lease is for 10,000miles a year. That equates to 833 miles/month. You have already done 12,700 miles over the 10 months of ownership. You should only have done 8,333 by now.
Are you expecting the new owner to swallow that deficit?
.
11-18-2012, 10:43 AM
#17
AudiWorld Member
Totally agree with JohnBoy
11-19-2012, 04:57 AM
#18
Coolie, do you happen to know the buy-out amount on the lease? Or is that even an option? Buying out your lease might be a good alternative to buying a new or used one for the right person, but we'd need to know how much money it would take.
11-19-2012, 08:52 AM
#19
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I dont get the issue. He has a lease. He put down all the facts. You dont like it, done take it over. The terms clearly met his needs when he set it up, and it may meet someone else's. And yes, the person that takes it over will take a deficit on an amortized mileage basis, so what. All the facts are on the table. The lease terms are 10k a year.
Lets say i have a 1 year lease at 10k miles a year. I can drive it 9,999 miles in the first week. Have it parked for a month and find terms that make sense for someone to take that lease over. If all the facts are on the table and the person knows what they got into, whats the problem?
That being said, I would be VERY careful transferring an Audi lease, assuming you have your lease through Audi Financial. They will never fully remove you from liability on the lease. So if you "transfer" (read add another person) on the lease, and they stop paying, it is ultimately your responsibility. I was just talking to the good folks at Audi about this as we have to expand our car due to family size doubling, lol.
Lets say i have a 1 year lease at 10k miles a year. I can drive it 9,999 miles in the first week. Have it parked for a month and find terms that make sense for someone to take that lease over. If all the facts are on the table and the person knows what they got into, whats the problem?
That being said, I would be VERY careful transferring an Audi lease, assuming you have your lease through Audi Financial. They will never fully remove you from liability on the lease. So if you "transfer" (read add another person) on the lease, and they stop paying, it is ultimately your responsibility. I was just talking to the good folks at Audi about this as we have to expand our car due to family size doubling, lol.
12-09-2012, 07:16 AM
#20
AudiWorld Senior Member
Thread Starter
I dont get the issue. He has a lease. He put down all the facts. You dont like it, done take it over. The terms clearly met his needs when he set it up, and it may meet someone else's. And yes, the person that takes it over will take a deficit on an amortized mileage basis, so what. All the facts are on the table. The lease terms are 10k a year.
Lets say i have a 1 year lease at 10k miles a year. I can drive it 9,999 miles in the first week. Have it parked for a month and find terms that make sense for someone to take that lease over. If all the facts are on the table and the person knows what they got into, whats the problem?
That being said, I would be VERY careful transferring an Audi lease, assuming you have your lease through Audi Financial. They will never fully remove you from liability on the lease. So if you "transfer" (read add another person) on the lease, and they stop paying, it is ultimately your responsibility. I was just talking to the good folks at Audi about this as we have to expand our car due to family size doubling, lol.
Lets say i have a 1 year lease at 10k miles a year. I can drive it 9,999 miles in the first week. Have it parked for a month and find terms that make sense for someone to take that lease over. If all the facts are on the table and the person knows what they got into, whats the problem?
That being said, I would be VERY careful transferring an Audi lease, assuming you have your lease through Audi Financial. They will never fully remove you from liability on the lease. So if you "transfer" (read add another person) on the lease, and they stop paying, it is ultimately your responsibility. I was just talking to the good folks at Audi about this as we have to expand our car due to family size doubling, lol.