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Prices Paid: Buying & Leasing Experiences Audi A4 Lease Questions
3145 messages, Last post on Dec 04, 2009 at 11:32 PM
You are in the Prices Paid: Buying & Leasing Experiences Forum. Your Hosts are car_man & kyfdx
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Replying to: mcwenzel (Jun 10, 2007 6:01 pm) BTW, as we are crowing, I did work in the Bankruptcy law division at Bank of America many years ago. My job (and that of many others) was to defend the Bank against deadbeats who obtained loans and not only could not pay them but then sued the bank for lending them too much money. Right up your alley. |
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Replying to: jagx (Jun 11, 2007 6:17 pm) Perhaps you can explain in laymen's terms why: 1) If AFS unilaterally replaced the lease residual #s with FMV #s, why McWenzel does not have a cause of action against them for breach of contract and violation of Fair lending laws. 2) If he has no recourse, why is this the only area of contract law, where one party can provide a specific # when writing the contract (e.g. residual), yet use another one (e.g. FMV) to later interpret it. This simply makes no sense. Also, McWenzel claims NO OTHER finance dealers do this but cannot provide ONE link to another leasing company that does not penalize lessees for getting out of the lease. What am I missing there? Now for my credentials: I just leased an A4 Avant for 36 months and have the MF, Residual and a price lower than any seen on this forum - all are available if you can explain why McWenzel does not have a claim against AFS or alternatively why he simply is trying to get out of a contract that he doesn't like.
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Replying to: siman (Jun 11, 2007 7:14 pm)
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Replying to: edwardsf (Jun 12, 2007 5:29 pm) Contract with AFS and agreed terms is between you and them only - they only change the residual price if 3rd party attempts to buy car. No recourse as the contract is between you and them. He gets that. Not sure why you don't. He thinks it is a rather onerous position and less than customer friendly on AFS part to change the price if a 3rd party wants to buy and that would be convenient to you. Forces you to buy the car and pay tax before you re-sell. Which can be worked around in some states - just a hassle. So no penalty as you are entitled to buy the car at any time within the lease or at lease end - but ONLY you can buy it for the price agreed. BTW, before you brag too much on your deal - remember the MF and price should be low, but the higher the residual the better for the deal - means you are paying less for use of car for term of lease.
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Replying to: siman (Jun 11, 2007 7:14 pm) |
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Replying to: alex320 (Jun 13, 2007 6:31 am) It looks like the special leasing program is the bottom price and I am sure they will try to add on some other fees as you are dealing with them in person. I will try to minimize my downpayment and monthly payments  Thanks! PS: My dealership is Crown Audi - clearwater, FL.
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Replying to: mcwenzel (Jun 10, 2007 10:48 am)
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A reporter from a large local newspaper would like to speak to consumers who have just leased a vehicle. Please respond to ctalati edmunds.com no later than June 21, 2007 with your daytime contact information.
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Replying to: audihorse (Jun 13, 2007 7:16 am) Remember, by selling to the third party at resdiual, Audi will lose interest. AFS can certainly agree to release the lessee but they can also make up for this lost profit by charging more to the third party. Even if the lessee himself can eliminate the interest through a prepayment buyout, AFS has no obligation to grant this original contract inducement to a third party. By agreeing to transfer this price to the third party, Audi loses the opportunity to sell the car for the price and manner they choose. After all, it is AFS' car and they get to sell it at the terms they set. Again, AFS is under no obligation to provide a third party with the terms that they have negotiated with the lessee. I never said that Audi is taking a consumer friendly position. I only said that I don't believe that such a consumer friendly practice is industry custom. Neither of your combined 5 or 6 posts has provided any support for the existence of this supposed custom, so I can only conclude that it does not exist. One thing that we can agree on is that lessees should not assume that Audi - who subvents these leases - will let them transfer favorable lease terms to a third party. BTW, I never bragged about residual rates, just made a typo that a low residual is good. I meant a high residual is favorable. I did not get a great residual (.51) but I did buy at $1000 under invoice.
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what are the june buy rates on a 2007 a4 2.0 cvt cab
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