spinfree

I currently have a 2001 S4 with only about 25K miles and I'm considering upgrading to a new 2004 S4. However, I want to lease the new S4 (business reasons).

Since I don't want to trade in against a lease, or put any money down, what's the best way to get rid of my current car? Should I sell to a private party and use that cash to pay off the lease over 36 months? Or, should I sell to the dealer to dodge the hassle of a private sale? Will an audi dealer buy the car outright?

Anyone else gone through this? Any advice would be appreciated. Thanks.

BiggerTwin

The dealer should take your car like a trade and give you the cash.

paulroad

You will always get more private sale... you could probably sell it on AW.

spinfree

Oh yeah? So if they say they'd give me $25K in trade, I should expect that in cash too?

Goldmember

and used the money from the trade as a security deposit, @9000.00. This reduced my payment by about $80 and at the end of the lease I get the $9000 back. Its a very nice interest rate, 10.5%. I was also offered a check for the $9000 so it doesnt seem to be a problem to have the dealer buy the car from you.

DASA4AVANT

Sorry for being dumb here but, how do you get you SD back? Is that in the leasing contract?

Goldmember

You get it back when you turn the car in and your lease is satisfied.

DrGP

Dealer will "buy your car AND GIVE YOU THE MONEY IF YOU WANT. Did this about 10 year ago and walked away with $12K in pocket. Its your car and you do not have to roll it into lease especially if your car is personal and your lease is business. Dealer will buy the car to facilitate the deal. Probably would get more $s to sell privately, but more hassle. Other way the deal is cleaner.

DASA4AVANT

Good point, I just never satisfied the length of my entire lease.