As a heads up to those flipping or selling their leased Audi’s/cars through VW Financial. They have changed their buyout rules, even through authorized dealerships who are eligible to buy them.
All dealer buyouts are subject to a disposition fee, buy fee, and segment fee.
Disposition Fee: In most cases this is $495 - but your applicable dispo would be labeled on your contract. It is only waived if you go into another lease or buyout the car yourself.
Buy Fee: Flat $100, applied to every Audi/VW buyout
Segment Fee: This is the big change. Audi Financial is charging the following
$400 for Segment A (A3/Q3)
$600 for Segment B (A4/A5/Q5/Etron/TT)
$800 for Segment C (A6, A7, A8, Q7, Q8, R8, Etron Sport Back, RS Cars)
Example of a Q5 Buyout
$35,000 Buyout
$100 Buy Fee
$495 Disposition
Applicable Segment Fee of $600 TOTAL BUYOUT: $36,195
Retroactive. Sold my etron few days ago. I’m one of the early victims, having paid both the buy and segment fees. Luckily I still made out with nice positive equity.
Yep it still makes sense. Audi’s hold a lot of equity so at the end of the day it’s certainly not a deal breaker. Dispo plus buy fee plus segment is a bit of a mental hurdle to get over though. I’ve personally written close to a 5 figure equity check on an RS car, so it makes sense that Audi wants its cut (especially with production cuts.)
I sold my etron recently and ended up selling to a dealer. For the most part, Autonation and Rodo had higher offers than most Audi dealers, but there was one Audi dealership that was beat Autonation and Rodo by $1,500.
If you purchase the vehicle yourself , do these fees apply? They are not included in my payoff statement. I think they only apply to dealer transactions. However , if you buy it yourself you pay sales tax.
I believe they can get away with it since there is no language in the lease agreement allowing the lessee to sell the car to a third party. I do not believe they are applying these costs/fees retroactively to lessee buyouts, which are covered by the terms of the lease.