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Audi A4 Lease Questions

3137 messages,  Last post on Dec 01, 2009 at 4:02 AM

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What is this discussion about? Audi A4, Car Leasing, Sedan, Wagon


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#1411 of 3137
Re: Lease vs. Buy Conundrum [mcwenzel] by raudiaudi
Jun 09, 2007 (2:10 pm)
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Replying to: mcwenzel (Jun 08, 2007 9:59 pm)

Now that we are at the crux of the problem, i.e. buying the car from the dealer, well over residual, that has got to be disclosed to the lessee prior to getting into this situation. So you were approached by a dealer that said, "Mr. your car's residual is this, but afer this fee, that fee, this add on and this, this is now the buy out of this car? And you didn't have any prior knowledge of this until they told you at turn in? That may be a liability on Audi if not presented to the lessee correctly. It doesn't make sense to buy a car off a friend for a premium if that does occur. I am not suggesting fraud, but another way to skin the cat. As citizens, we take the "LAW" as all governing and perfect, which is not true, it is an idea and entity written by imperfect beings, so when the government is spending money in a wasteful and unproductive way, but then turning around and saying we as citizens have to be on the level with it, I call the BS flag. Like I said, the guy mowed my lawn for 42k and I sold him this car for 1k because he is a good friend. Not an advocate, just someone that sees through the liberal bs of our current government. State Equalization Board, yea, I am sure you are the first one that came to them with this problem and tried to get it handled the same way as this lady did in the article. Out of my own curiosity, how can a dealer re-neg a residual price after it is written, just by calling Audi and saying that they now have to buy the car from them for 4k or whatever over the price. How is that an honorable quote in the first place, unless the price increase was due to fees that were explained in the fine print all along if you were to purchase at the end of the contract?
#1412 of 3137
Re: Lease vs. Buy Conundrum [raudiaudi] by mcwenzel
Jun 10, 2007 (10:48 am)
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Replying to: raudiaudi (Jun 09, 2007 2:10 pm)

No, you are still missing the whole point. The dealer does not "own" the car. They leased it to you, it is owned by the manufacturer, you can return it to any dealer of that manufacturer, it is not owned by any dealer.
 
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.
#1413 of 3137
Re: Lease vs. Buy Conundrum [mcwenzel] by edwardsf
Jun 10, 2007 (5:37 pm)
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Replying to: mcwenzel (Jun 10, 2007 10:48 am)

That last post was pretty good. Of course, it was the only post of yours written in any kind of understandable English. So the crux of this is indeed one of two things (that I have already addressed); You, Mr. I-Know-Everything-But-Got-Hosed-Anway, 1) signed a contract whose terms are clear but you just don't want to comply with them, or 2) the contract terms of the contract you signed were uncertain but you interpret them differently than AFS does. I think that indeed #1 is probably your circumstances and that you are facing the consequences of being an unsophisticated buyer or a buyer who is upset because he cannot take advantage of the bank. Finance companies are not know for being intimidated by disgruntled borrowers. But finance companies have insurers who are intimidated by claims of clear violations of unfair lending laws.
 
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.
#1414 of 3137
Re: Lease vs. Buy Conundrum [edwardsf] by mcwenzel
Jun 10, 2007 (6:01 pm)
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Replying to: edwardsf (Jun 10, 2007 5:37 pm)

You said:
 
"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.
#1415 of 3137
Re: Lease vs. Buy Conundrum [mcwenzel] by audihorse
Jun 10, 2007 (6:45 pm)
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Replying to: mcwenzel (Jun 10, 2007 6:01 pm)

just wanted you to know that I understood all of your "...rhetoric" and completely get your points.
 
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.
#1416 of 3137
Re: Lease vs. Buy Conundrum [mcwenzel] by raudiaudi
Jun 11, 2007 (9:55 am)
Reply

Replying to: mcwenzel (Jun 10, 2007 6:01 pm)

So by your experience in an Audi lease, you would agree that even though you are given a residual price for your car at the beginning of the agreement, that this number is arbitrary? Eventhough the dealership quoted it to you, they can't bind themselves to it because the dealer still has to buy the car from AFS and that will be at a much higher FMV if you do decide to buy it from them at the end? I understand entirely where you are coming from.
 
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.....
#1417 of 3137
good grief by jagx
Jun 11, 2007 (6:17 pm)
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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.
#1418 of 3137
hey carman by rallyfan
Jun 11, 2007 (6:44 pm)
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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
#1419 of 3137
Re: Lease vs. Buy Conundrum [mcwenzel] by siman
Jun 11, 2007 (7:14 pm)
Reply

Replying to: mcwenzel (Jun 08, 2007 2:51 pm)

Hi McWenzel,
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!
#1420 of 3137
buy out bottom line by cars0153
Jun 12, 2007 (3:41 am)
Reply
Either you or the dealer can buy the car from Audi for the residual on the contract period.
If the dealer is saying you have to go through them then they are lying to you.
Go right to Audi
If you are intending to sell the car you do have to register the car first, pay the tax and then sell it. You presently don't own the car and the tax must be paid

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