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Prices Paid: Buying & Leasing Experiences Audi A4 Prices Paid and Buying Experience
961 messages, Last post on Jul 18, 2008 at 10:44 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: darkfudge07 (Dec 23, 2006 3:48 pm) Enjoy your car and happy holidays!!! Viz |
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Hi Guys, I'm signing a lease on a 2007 A4 2.0t quattro slver on gray interior with leather sunroof and 17 inch rims for 386 for 24 months with 1800 down ? Is that a good Deal
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Replying to: sony2588 (Dec 25, 2006 12:02 pm)
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Replying to: viz (Dec 25, 2006 5:41 pm) |
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All, My 2003 A4 1.8T is coming of lease in February. I have gone significantly over mileage (60k Total) and am facing a penalty of $3k on turn in. I have a buy it price of 14,900. According to my searches online, the value of the car is higher than the buy price. Would I do better to buy it and sell it to another dealer/3rd party? According to my calculations, I think so, but I wanted to get others opinions. Thanks in advance. Newt
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Replying to: newt250 (Jan 05, 2007 7:18 pm) I really doubt your car is worth the buy-out price, but you might get an offer that will mitigate some of your turn-in costs.. I'd take any trade-in offer immediately that saved $1000 or more. In most states, if you buy the car, and then re-sell it to an individual, you'll have to pay sales tax on it first. That would effectively eat up any cost savings. I highly recommend against doing that. Good luck! kyfdx EDIT: $14,900 for a 60K '03 Audi A4 1.8? Is it Quattro? Even if it is, I don't think I'd pay $14,900 for it... But, you've been driving it.. Do you want to keep it? |
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I don't really want to keep it. Kelly Blue Book estimated trade-in value is $12,975 and NADA is showing $16,425. So I guessing I can get something in between the two. Factoring sales tax into the deal, it look like I would be into the car for about $15,800. So based on your feedback, if I can get somebody to pay me ~14-15k it would make sense to purchase since I avoid the $3k in penalties. I'm still going to lose some money, but not as much. Am I thinking about this correctly?
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Replying to: newt250 (Jan 06, 2007 10:42 am) I wouldn't attempt to do anything but sell it to a dealer... Find out the payoff (without sales tax), then solicit offers from Audi dealers or CarMax... |
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Replying to: newt250 (Jan 06, 2007 10:42 am) Recently I had the same issue with my BMW. I ended up paying the lease penalties rather than trading it in. Your situation could be different though. There was only 1 dealer who could match with KBB. Rest of them were quoting below KBB, even if I wantd to trade it in with a new car. Some car dealers would point you towards the auction prices as well; They might be lower than KBB. I would suggest to take the car and get quote from couple of dealers who would purchase it, so that you would have ball park estimate of your profit. Viz |
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Replying to: newt250 (Jan 06, 2007 10:42 am) |
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