Please shop the trade-in value at multiple dealers. This value can be vary. I have seen 10k worth spread on trade-in value for a 50k car. Please submit your VIN to get the trade-in quote from these online dealers: List of places to sell or value your car online
Even though they may not buy your Audi lease, but at least you will get the baseline to ask for more money for your trade-in.
One more suggestion: May be, consider buying a brand where you won’t face the restriction to sell the lease. Having flexibility to sell your lease to any dealer is a real big advantage. You can exit anytime without waiting for the entire 3 yrs term plus you won’t be left at the mercy of Audi dealers.
Thanks, from the list, looks like Mercedes would be the only one I would lease that does not give different rates to third party. I would probably never lease a Porsche and Lexus, would just finance or all cash them.
Actually it was a not a bad idea to lease from Audi Financial in my case because that’s how I qualified for more rebates.
Hard to tell, but seems like your LH calculator seems to be applying a trade in sales tax credit which doesn’t apply in CA.
Rather than paying $39,262 (potentially more) to lease yet another car, you could just finance your Q4e for 60 months for not much more per month. After 36-months you’d likely have some equity.
Anyway, I’m starting to repeat myself, so I’ll stop here.
They’re discounting nicely and offsetting by giving low value on the trade.
This lease is only 7.5k miles a year, so you need to take that into account if it makes sense for you.
But if indeed you come out of all this only paying $1k a month, this would be an execution of getting into a better car at an overall lesser price.
You can also add MSDs to reduce the interest rate on the lease. Being as that you are carrying a lot of negative equity into this, MSDs are good way to at least reduce the interest on all that carry.
Why not post the dealer sheet here so we can see what they are offering.
They said they used the rebate to offset the negative equity and sales tax to be in my favor. Also couldn’t use the full rebate to offset bc there’s a cap.
That’s the part I’m trying to understand more before deciding.
Can you explain little more about sales tax to be in your favor? Your monthly payment has 10% sales tax.
Your vehicle price is 68.8k after discount then minus 15k rebate, so net cost is around 53.8k. Wholesale auction value for 2022 Audi e-tron is around 50k, so you are pretty close to that number.
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.
Yes, it seems very decent deal.
If you can, then get more offers for the trade-in, and then use those numbers to get more money for the trade-in.
I’m 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?