Audi Lease Damage

I believe that both are closed end, someone correct me if I’m wrong. So yes there is the possibility of a balloon payment, but it’s no more meaningful than the residual value of a lease as the owner/lessee is under no obligation to pay it and can just turn the vehicle in.

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That is true, however with the way tax law is written in Chicago, you avoid paying an additional 9% or so in consumption tax making the effective tax rate 17% on leases vs. 8.5% with a balloon payment.

Getting a bumper fixed is cheap, maybe $200 or $300. Get it inspected and go from there.

Advise: find a used Audi bumper on EBay, get it painted and have the body shop slap it on. I did that to my X5. Max I paid is 1700.

So what ended up happening? update?