Last post on Dec 05, 2013 at 10:07 PM
You are in the Prices Paid - Buying & Leasing Experiences
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Audi A4, Car Leasing, Sedan, Wagon
#2099 of 4422 Re: Best ways to get out of a lease early?
Aug 27, 2008 (9:15 pm)
Hi Car_man and Loggie,
Thank you so much for your reply. I'm totally stressing out about my situation and not really understanding half of what my lease is talking about makes it even harder. So thank you sooo much!!!!!!!
Here is some more information about my lease and what is on my lease agreement.
Audi A4 2.0T FWD Sedan 2008
Quartz Silver exterior
Black leather interior
Current mileage: 12,405
Lease miles: 15,000/yr
36 Term lease 10/10/2007 ~ 10/10/2010
Monthly Payments: $395.62
I also was convinced to purchase the service contract for $590 which is included in the monthly payments.
Residual Value: $18,924.00
Scheduled payments not yet due: $9,136.75
Rebate Unearned rent charge: -$2,231.35 ( I have no idea what this is)
Total Amount: $ 25,859.55
My car was leased from Rusnak Audi in Pasadena, Ca.
How much help do you think I would get from my car salesman on my situation?
I checked with Swapalease and they are charging a one time fee between 500-1200. It is definitely a lot lower then the whole $9000 from the rest of my lease but how reliable and effective are they? Can they find someone to take my lease within 30 days?
Am I able to transfer my lease without going through something like swapalease? How would i do that? Does Audi financial allow that? Would I just put ads in the paper or online? And basically who ever takes over this lease will also pay 395.62 per month? Do I get my downpayment back?
Thank you soo much for all the help. Thank you........
#2100 of 4422 Re: Best ways to get out of a lease early? [a4vy]
Aug 28, 2008 (5:57 am)
The way swapalease or leasetrade work is that they advertise your car !Leasetrade being a new site is cheaper ..not sure how many hits they get....
I have leased a car each from both these sites.
Not sure how much of down payment u will be able to recover ..but as long as u are flexible I feel u will be able to get someone to assume your lease. Paperwork may take time since it has to be approved by Audi or the company which has leased the car to u..! I wish u were on east coast we cud have negotiated the deal..! Good luck to u!
#2101 of 4422 Re: Best ways to get out of a lease early? [a4vy]
Aug 28, 2008 (6:25 am)
a4vy - Consumers interested in the lease transfer process are typically intrigued by exceptional lease values, shorter terms, higher monthly mileage allowances, and little-to-no money due at signing. It seems that the monthly payment on your A4 lease is reasonable, but I would not anticipate recovering any portion of your down payment. I would ask friends, family members, and co-workers if they are interested in assuming your lease. If that doesn't work, I would post your car on CraigsList.org for free and consider utilizing SwapALease.com. If time is of the essence, I would consider offering an incentive to lower the monthly payments and entice a potential buyer. It is important to note that the lease transfer process does take some time and Audi charges a $100 credit application fee to transfer the lease. This fee is very reasonable considering that BMW charges $450 and Mercedes now charges $595. Please feel free to email me at eights38gmail.com if you have any more questions or concerns.
#2102 of 4422 Re: Best ways to get out of a lease early? [a4vy]
Aug 28, 2008 (7:35 am)
get the buyout quote and sell the car yourself. and you have to pay the different...lets say...buyout quote is 30k and you sell your car for 28k, then you have to come up 2k.
#2103 of 4422 Re: Best ways to get out of a lease early? [bchan88us]
Aug 28, 2008 (11:28 pm)
the buyout quote is $ 25,859.55 . have you heard of car max? i was recommended to go there to have them give me a quote. do you think that my current buyout quote would be attractive?
#2104 of 4422 Re: Best ways to get out of a lease early? [mumuxu]
Aug 28, 2008 (11:52 pm)
Thanks.... yeah me too or that you were on the west coast. I totally love my car though...love audis!!! i was thinking about just shipping it back home to taiwan but after some research...the import duty is like 60% and other taxes..wasn't economical.
i talked to swapalease and they gave me a few options of what they would post the ad as -
0 down $433/month 36 months
or if i want to get a portion of my downpayment the monthly lease payments would be higher.
but i dont understand why they would post it higher then what i am actually leasing it for now? why would the lease payments be different? Arent they just posting an ad on their site and some other car sites?
my current lease is about 395/month and i have about 24 months left on my lease at 15k. isnt that all the person who takes over my lease needs to pay? Other then if i can get any downpayment back but the worst is not getting any back and just leasing it as 395/month and 24 motnhs left.
how long does paperwork normally take?
#2105 of 4422 Re: Best ways to get out of a lease early? [a4vy]
Aug 29, 2008 (3:01 am)
if you are leaving the country, you just have to get the best price so that you pay the least different.
the buyout quote seems low....did you pay some $ upfront when you signed your lease?...well, spend one weekday and drive it to the car dealerships by your area and get a quote from them. dont go on weekend...because they only want to sell on the weekend.
#2106 of 4422 Re: Best ways to get out of a lease early? [a4vy]
Aug 29, 2008 (6:01 am)
Have no idea why Swapalease wud do that..Only they can explain that...!
My own experience has been that it takes around 6 weeks to have the paperwork done by the companies.
Let us talk over the weekend..? Write to me 'mumuxugmail.com'
#2107 of 4422 Re: Best ways to get out of a lease early? [bchan88us]
Aug 29, 2008 (9:57 am)
Yes I paid $5500 for a down payment. I heard that was actually very high for downpayment.
#2108 of 4422 Re: '09 A4 MF and residual [Car_man]
Aug 30, 2008 (4:08 pm)
"Audi Financial Services' current buy rate lease money factor and residual value for a 36 month lease of a 2009 Audi A4 A4 2.0T Premium Sedan with quattro and 15,000 miles per year are .00171 and 57%, respectively."
Do you have the information on the 2009 Audi A4 2.0T Premium Plus and Prestige lease rates? money factor / residual values?
I really appreciate it.