Has anyone successfully funded an E-tron lease and bought it out immediately after funding? Interested in getting one of those 2023 still on the lot and holding on to it for 6-7 years.
Plan: Lease $81,000 Etron 55 - for 9-10% off, $7500 EV credit, $1500 Costco. Agree to absurd MF, pay Acquisition Fee + Dealer/Doc Fee/Broker fee + first month down. Moment the deal gets funded in that first month, call Audi and buy out for Residual which should be ~$64,000 + tax in cash.
I’ll lose $895 on the deal, but can’t see any other drawbacks to this plan.
Is this plausible, possible / has anyone done this.
My understanding of Audi’s early buyout is
You pay all reminder payments + residual. So buyout your lease in the first month or till the end of the lease is the same amount. So there is no benefit to buyout early, isn’t it? Sounds better to buyout at the end of the lease that way you can earn some interest from 64k for 24 or 36 months.
Two things to confirm in your assumption: you are in Florida, so I am pretty sure you have to process the buyout at a dealership where they have the opportunity to add additional fees. What I’m less sure about, but is worth investigating, is that Audi added a segment fee for buyouts, last I knew on the E Tron it was $600 - if you process a first party buyout through a dealer I don’t know if they add that.
Sounds like a bad idea, the first gen etrons already having issues with coolant leaking into the motors, like all Audi’s/BMW’s they seem over engineered and prone to breaking after warranty expires. EV technology is evolving so much that the depreciation on these will be sky high. Lease and walk away, and if the deal isn’t right, shop a Benz or something else.
