chas1025

We opted to hold on to our Q7 TDI as long as we could in order to see the 2020 models available. For those of you that opted early, were there any advantage to the trade in vs the buy back?

Thanks

J. Patterson

Be sure to weigh the tax implications before you decide.
We found a suitable replacement ( 2015 TDI with the fix) and bought it ( privately)prior to our 2011 being bought back. Our 2011 was a company vehicle owned by my business. (That was a bit complicated supplying VW Audi with necessary documentation of corporate resolutions to sell etc.) We got the sell back accomplished though and got paid more than I had spent on the 2015 replacement. Payment was to my company so I had to dividend back to myself to compensate myself for the private purchase of the 2015. Then ( and this is my main point) I had to pay capital gains tax on the funds received for the 2011. I also had to pay sales tax on the full price of the 2015 rather than on the difference if the transaction had been a trade. Poor tax planning on my part. If both the first one and the newer one had had private ownership, we could have done the trade and saved over 25% in state and local sales tax and federal and state capital gains. But—- in 2011 when we bought the first one, who knew the buy back was going to occur?

mcarmonany

I’ve been holding out as well, but running out of time. Will call dealership tomorrow and see how late in the month we can make an appointment to bring in the TDI. I can’t see the 2020 getting here for another 6 months, and I need 7 seats, so I’m shopping around for something to tide me over.