If the posting is accurate, you might as well keep the car… There’s what, 6-7 payments left? You’re pitching a $1,500.00+ effective payment on a $63K car with your $5500 cash due… (and you remain on the hook with Audi FS IIRC).
And the usual obligatory note of, “you, the original lessee is/are still responsible after the transfer.” So if the transferee defaults in any way (payments, damages) and does not keep up with payments, the original lessor is still responsible. Just wanted to point that out.
Also, there are restrictions in the final 12 months.
As others said, best bet is to sell to another Audi dealer or one of those buyers that can buy it out from you, even with AFS’ restrictions (list is on LH). And might want to do it quickly, market is softening in some areas. Good luck
Cannot transfer out in the last 12months, only to family/relative at this point. Lots of equity in the S5SB! Run it by the dealer to buy you out. There is a $1400s fee tacked on nowadays by AFS when you sell FYI.
Got an Audi/Porsche dealership willing to cut me a check for $5,000. Still looking to see if I could get some more elsewhere. Hoping to take this equity and put it as a down payment towards a Jeep GC Summit Reserve!
This is the best deal I have been able to get so far on a Jeep GC Summit Reserve. 15,000 miles per year for 48 months. Thoughts? This would require a total down payment of $6,300. My equity is $5,000, so I would really only be putting down $1,300.
Um. No. If you take your $5,000 worth of equity and use it as a Capitalized Cost Reduction or “Down Payment” and your Jeep is totaled or stolen at any point during the term of your lease, you’ll never see that $5,000 again.
Lots of brokers on this forum you can order from with a decent discount. You are going into a lease agreement longer than the basic warranty. Who is the leasing company? If it is not CCAP getting out early can/will be an issue.
It won’t matter. Let’s say you magically get almost $5,000 taken off. That’s still ~$40,000 to lease a Jeep which is insanity. And leasing something as unreliable as a CJDR product for 24k miles beyond its warranty is double insanity.
