Audi EV early buyout voodoo

Ask the Hackrs Buy/Finance
1

Considering a new Audi EV. Can pay cash (with trade in) but I read a lot about folks taking the lease to get the $7500 credit then payoff the lease early. Is that a real thing? How do you verify that Audi won’t charge you all remaining rent in their payoff? Is there a minimum period of time to pay the lease for Audi to consider an owner early buyout? Taxes need to be paid but thats OK. Seems like there should just be a schedule of remaining depreciation + Residual + taxes/fees (and no rent) that you can lookup.

I can’t seem to find a copy of the detailed lease agreements on line. Seems like everyone should do that and flip into a loan or buy it outright.

Thanks

2

My buyout on Audi does not include unearned interest or chargeback for the 7500 ev credit.

Edited: corrected, sorry typing on phone. Not checking

3

sorry did not understand your response.

Edit - cool. makes sense but its so opaque with Audi FS

4

Couple things to consider

  1. In NY you’d end up paying tax on ~1.5x value of the car (tax on the full lease + tax on the buyout). There might be a way to prevent that with one pay or a large CCR.

  2. Unless you’re confident of keeping it until it hits about $25k retail value (less for wholesale), the near-term depreciation and volatility is extremely painful.

5

I think recently there’s a tiered early buyout penalty, but it’s small compared to $7500 ev credit that you’re going after.

I’m not sure I’d recommend buying an Audi EV, but that’s the info you need if your buying it out.

6

thanks. did not realize that. I’m actually in CT but the car is in NY. sorry if its a stupid question but why is there a tax on the full lease?

7

NY charges tax that way but it’s moot if you’re not a NY resident.

8

Which model?

I don’t think I’d purchase any EV right now.

Risk factor is way too high and they depreciate like a rock.