Context Wife has always wanted an etron since it came out. Last year in December, we decided to lease the new 2023 Q4 Etron. I did not know about LeaseHackr until recently :frowning:. We went with the lease b/c this is our first EV and do not want to fully commit and planned to upgrade in 3 years. …

[image] noobleasr: Maybe sales tax from the trade in? Ask them for the clarification. I dont know the sales tax rules for CA, but in FL, whenever we sell a leased car to a dealer, then there is no sales tax. Because dealers do use their exempt license to buy it out from the leasing company. …

Do you know about lease wipeouts? A dealer said they could wash out my lease for me so I would be clear of all the negative equity. I cant find anything about it online though. Is this a thing?

[image] noobleasr: Do you know about lease wipeouts? A dealer said they could wash out my lease for me so I would be clear of all the negative equity. If they buy out your lease for the payoff balance, then you will not have any positive/negative equity. Or may be, they do have some secret w…

[image] TheBigTuna: You do realize you’re paying over $40k to rent a $58k car for 3yrs that you’ll have to return and have nothing to show for it. I’d personally buy this out . You’d atleast have some equity after paying it off. 6.99% in this market isn’t bad fyi I’m trying to learn from thi…

@noobleasr - Check this post: Deal Check: 2023 Audi E-Tron PP+ this user was able to negotiate a 15% discount. So I guess you might have room for an additional up to 5% discount.

15% is with the Audi VIP program. You have to find a dealer that will play ball.

Welcome! But even without knowing this website why would you think paying $42K for 3 years on a $58K vehicle is worth it? I understand happy wife happy life but that monthly payment is Escalade territory from what I remember. At least now you know about this website.

This deal shows total of $29k down - 15k rebate and 14k customer cash. Are you planning to put $14k cash down?

No that would be hella stupid lol. 11k is from MSDs

[image] SoCalLease: trying to learn from this so as not to make the same mistake. He would be paying for ~70% of the car over 3 years, and that makes no sense. But what percentage would you say might make sense? Is there a goal? There is no rule of thumb. For me, on a 36 month lease: no more …

Bad lease deal on 2023 Q4 etron. Lesson learned

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noobleasr May 31, 2023, 6:41am 91