Hypothetical Early Lease Buyout (or Turbolust strikes)

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Apr 13, 2000 | 12:50 PM

mbh

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Hypothetical Early Lease Buyout (or Turbolust strikes)

Howdy Fellow Audiphiles:

It is difficult to keep up with this forum and not be infected by a serious case of turbo- or V8-lust. However, I am currently bound to my A6 2.8 (nice, but slow) via lease for another 2 years and 4 months.

Has anyone ever managed to buy his/herself out of an Audi lease early without getting reamed financially? Will Audi dealers attempt to help out in minimizing the damage if you are going to buy or lease another Audi? Should I just stop dreaming and drown my sorrows in a quart of 10-40? Inquiring minds want to know.

Mitch

Apr 13, 2000 | 05:38 PM

Stu B

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April/verdegrrl: can you help this man out? Is it an Audi finance lease?

Apr 13, 2000 | 05:48 PM

pablo1

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Re: Hypothetical Early Lease Buyout (or Turbolust strikes)

You can probably get out early with the dealer's help but not so early. So April/verdegrrl can help you with an idea of when and for how much you should post the length of the lease. If it's a 3 year lease I think you'll have to wait a while so you don't get reamed. Good Luck. One last thougt is a PES supercharger good for 280HP for about $4,500.00. It can bolt on and off so you don't have to worry about the dealer giving you greif about the modification. Check out www.pes-tuning.com.

Apr 13, 2000 | 07:27 PM

April

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Well, it depends...............

What is your pay-off ? What year is your car ? miles ? equipment ? condition ? How much did you put down ?

A loaded QTR should be worth 26,000 to 30,000 on the wholesale end.

I am looking at a 2.7t lease right now. 44K MSRP. 40K invoice. Sell/lease at $2200 over invoice. 2K down, 15K miles per year, $595 payment (plus tax) for 48 months. 49% residual based on MSRP. Money factor .0026??.

Tell me more for specifics.

April

Apr 13, 2000 | 07:29 PM

April

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Should add - 2k down

Apr 13, 2000 | 08:00 PM

mbh

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Re: Well, it depends...............

I'm still at work, so the exact numbers are at home and currently unavailable. However, the 2.8 is on a three-year lease, so there has not been a whole lot paid so far. At the time, I put the minimum down (about $1K) so I could keep more money in investments etc. The car (a '99.5) was leased during the Audi incentives last year on A6 leases, so the cap cost was noticeably less than invoice. I believe the residual after three years is somewhere around $23-24K, but I wouldn't swear to it without the document in front of me.

For some reason, the dealer financed the lease through Chase instead of Audi Financial. More details later.

Since we just purchased a new wagon for my wife, it probably is not such a bad thing to have to wait for a 2.7 T. The 2.8 is still a very nice car...

Mitch (10-40: lots of body, very smooth, just lacks that certain je ne sais quoi ;-)

Apr 14, 2000 | 05:24 AM

Bob R.

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Re: Hypothetical Early Lease Buyout (or Turbolust strikes)

I am in the exact situation and know what you mean. Love my A6 2.8Q, but does lack a little power. I bought mine in August when the lease incentives were given. Would also love to get in a 2.7T, but have not even priced the lease as I thought I was too close to the lease inception. I look forward to following this post to see what you can arrange.