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Prices Paid: Buying & Leasing Experiences Audi A4 Lease Questions
3133 messages, Last post on Nov 29, 2009 at 1:44 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: raudiaudi (Jun 08, 2007 9:08 pm) Again, Audi charges MORE to sell the car to a dealer than they do the lessee. Other leasing companies do not do that. That was my original premise, and you have not disproved it. Regarding buying the car "from the dealer" as your "gray area", you can't buy the car from the dealer unless the dealer buys it from Audi first. And guess what, the price the dealer can buy it for is a special increased price that exceeds your residual. So sure, give up your residual price, have the dealer buy it for $1500 more, and then buy it from the dealer, and then sell it to a third party. Yeah, that makes a great deal of sense. Regarding the third party process in california, I read the same article. The author fails to mention numerous ways to avoid ever having to go to the DMV, which begin with signing a limited power of attorney with your lender to allow them to move title directly from the manufacturer, through you, to the third party. I have no idea why the author paid sales tax to a dealer, particularly when California law is clear that if purchasing for resale within ten days, no tax liability is owed. What little value I did glean from your post simply supports my point, so I have to thank you. What is so easy to do with many lenders is extremely difficult to do with Audi (and apparently difficult to do with Nissan). You finally understand. Regarding the Audi Premier Purchase Plan, sure, you can go that route, but not only will your payments be higher than if you had a lease, but you also can only select 15k miles a year. Great plan. And note was is not in the details of the PPP. Whether a third party or dealer can buy the car for the same balloon payment. I have a pretty good idea what the answer is. So it seems your solution, and correct me if I am wrong, is to buy the car from a dealer at a premium well over your residual (because that is the only way you can buy the car from the dealer), and then commit fraud in the title transfer to the third party, rather than simply applying for a refund with the State Equalization Board? Wow, and people hold lawyers in low esteem. I highly, highly recommend you don't follow this advice. Simply complete the transfer within ten days in California or suck it up and pay the tax. In other states, check the taxation laws.
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Replying to: mcwenzel (Jun 08, 2007 9:59 pm)
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Replying to: raudiaudi (Jun 09, 2007 2:10 pm) For the dealer to sell it to you, they have to buy it first. Thus, there is no reason to buy the car from the dealer when you have the right to buy it directly from the finance company. The problem arises when you want to trade the car in to a dealer for another car or have a third party buy the car. If you try to do this, the dealer will have to purchase the car at "fair market value" determined by Audi Financial, and not your negotiated residual. The FMV will likely exceed your residual. There are no add of "fees" by the dealer. The increase in price is a result of Audi Financial charging the dealer a buyout price that exceeds your residual. As I have stated multiple times already, there is no provision in the leasing contract stating that Audi will do this. There is no provision stating Audi will not. The contract is silent on this issue, and therefore, until you are actually in the situtation, you would have no idea what their policy is. The practice of charging a dealer "FMV" solely determined by Audi Financial instead of the negotiated residual is a practice not utlized by other leasing companies. The dealer is not re-negging on a residual. The dealer is simply a conduit/agent in the transaction. You can still buy the car from the Audi Financial at the price in your contract. A third party cannot without paying a premium well above the lessee's residual. Regarding your justification for evading taxes, it sounds like Wesley Snipes in his tax evasion trial. I suggest you petition your State congressman/woman regarding state tax policy rather than commit tax evasion because you disagree with the policy of the government. |
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Replying to: mcwenzel (Jun 10, 2007 10:48 am) Regarding your claimed scenario #2, you claim that the contract is silent on the criteria regarding buyout and you don't like and disagree with their interpretation of the buyout clause. Well, hello Mr. Contact-Law-Expert - Negotiate! Or sue them. If indeed, it is industry practice to interpret such clauses in auto leases differently than AFS does, that practice is indeed industry custom and such custom is probative towards interpreting the disputed lease terms. But since - after what? 4 posts - you, Mr. I-Know-Everything-But-Am-Losing-My-Shirt-Anyway have not given me ANY links, I can only assume that industry custom does NOT normally let you buy your way out of a lease with no type of penalty (or the equivalent, an inflated market value). You are just mad because you can't take advantage of AFS the way you probably do in your work by the use of your quite impressive but still confusing and bombastic rhetoric. |
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Replying to: edwardsf (Jun 10, 2007 5:37 pm) "Regarding your claimed scenario #2, you claim that the contract is silent on the criteria regarding buyout and you don't like their interpretation of the buyout clause" Classic. Since nobody could be this criminally stupid, at this point I am convinced my wife put you up to posting as a practical joke and/or you and RaudiAudi are the same person and this is an endless troll. Either way, I'm out. I need to get back to using confusing and bombastic rhetoric to take advantage of multi-billion dollar corporations. If anyone needs any advice on how to navigate the third party buyout in California or the inherent risks unique to an Audi/VW lease, feel free to e-mail me.
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Replying to: mcwenzel (Jun 10, 2007 6:01 pm) Glad you gave up on Dumb and Dumber, though. It was hopeless. If either of them were your client - you would have to fire the client. 
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Replying to: mcwenzel (Jun 10, 2007 6:01 pm) However, if a lease is made through a dealer directly with AFS, AFS is bound by the contract, if the dealer didn't go about it this way, i.e. carried you through the lease then you said you want to buy the car at the end of it, which this most likely sounds like your case, then yea, you did get hosed and should have known better. You make it sound as if AFS inks a deal with someone when a car is leased, tells them specific numbers in writing, then backs out and says, oh yea, that residual, we were just kidding, actually, here is the real price which is more like FMV. I will ask when I go for an Audi lease if the paper is carried by them and all terms of the agreement are going to be honored by them or if it won't happen because the dealer or another third party lessor will have to at that time buy the car from AFS. Here are your paragraphs..... |
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JHC....... i had to sign up for this forum just to post this after reading this thread. anyone reading this --- do yourself a favor and pay attention to the posts by mcwenzel. i read contracts every day and he has a clear understanding of, and provides a clear understanding of, the relevant topics. reading the posts of the other side in this "debate" is like reading a dr seuss book upside down after having 5 pints. btw, if anyone wants to reply, what is the bottom line on a 36 mo a4 lease, 12k miles, say $2k down? or just the 36 mo residual and money factor used would be great to have. seems like they must have a pretty low mf if my sister in law is accurate that she landed a new a4 2 mos ago for 360/mo inclusing taxes.
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could you give an example of a good lease on A4 2.0 cvt frnt trk i want to put as little down as possible 15k year 36 months thanks rallyfan ps i finally am able to post yeah love this site
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Replying to: mcwenzel (Jun 08, 2007 2:51 pm) This site is very confusing especially with some other irresponsible posters to confuse most other people (like me). I just wanted to know if this is a good deal from my local dealer Ads (St.Petersburg, FL). For A4 with MSRP $31,015, the downpayment is $1,999 and the monthly payment is $299 plus tax. Term: 36 months (30,000 miles total) What should I watch out with this Ads? This is not clear to me if the downpayment includes all the prep fees, acquisition fee, etc. We went to the dealer on Sunday (they closed) and saw one exactly A4 we both wanted with the MSRP $31,015 exact amount from the classified Ad. The residual amount is $17,058.25. It just didn't make sense (with negative MF?), too good to be true? Thanks for all your helps! |
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