For the last two months, I’ve worked really hard (as did my salesman) to get a strong deal on a 2017 A4 Premium Plus (Manual Transmission). While I did not end up striking a full 1% deal - I gave them 2k to cover taxes, fees, etc; the end result was a 48,800 car discounted to 40,640 and a $500.00/month payment, I felt it was the best I could do. Over the weekend, I received news that my life will be changing a bit and I will now be putting on way more than the 12,000 miles I’m allotted annually. As such it will no long make sense to lease and I want to explore my options to terminate my liability as soon as possible. Given that the car has less than 125 miles on it and is brand new (except for title) I’m guessing that this is fairly unprecedented but can you guys give me some insight as to my options and the most realistic outcomes??
If you can get the dealer to unwind the deal you will be made whole (very doubtful this will happen) or work some pre paid miles into your contract (also doubtful this will happen). Other option is to put it up on swap a lease or similar website. Just know you will need to incentivize $$$ someone to take over the lease if someone can get a new car to their specifications why would they buy yours. You can also take it to CarMax and see what they will give you for it and cut a check for the difference in the payoff.
or
Keep you new car and buy a cheap used car to put the unexpected miles on.
If the dealer will not unwind the deal, you need to call the leasing company and find out if they allow lease transfers and if so, what the rules are. Some allow only in-state, some have to be so far into a lease, etc…
Unless the dealer is willing to work with you they aren’t obligated to do anything since you took physical delivery. Since the car has been titled it would be used if the dealer did somehow agree to take it back and they couldn’t market it as new.
Unrelated to your situation but I’m shocked you found a manual A4. I have the same model except it’s a 2014 and the lease matures in September. I have been looking everywhere for the same car but it’s like finding hen’s teeth.
Enjoy the car and add a beater to take on the extra miles. I knew I was going to drive over my allotment of miles so I kept my old car…I enjoy the flexibility of going back and forth between the two.
Depending on your needs, you could add a beater truck or SUV.
If you can resign the deal from a lease to a purchase at the same dealer that would be great. That way they don’t lose the deal and you’re happy. If this is submitted to Audi Financial already and approved, this may be too late but it’s worth a shot. Time is of the essence; talk to the General Manager AND business manager immediately; don’t wait for a call back or talk to any sales managers. YMMV
So I was in meetings all day and when I called the dealer the GM was not available - as such, I was curious if anyone knows how long those things are in process for? I have not received links or emails from Audi/VAG to this point…
Why not just drive the car and then buy it out at the end of the lease. That way you can ignore the miles and do what you want with it. They don’t have very god residuals, hence why your deal is $500 a month so it should not be too bad at the end.
It’s a fair point. Frankly, I just hate having a payment and on top of convincing myself to lease this car, I realize I may now have to buy miles at the end of the lease if I don’t decide to buy…
But I don’t get your predicament. You will need a car regardless. So what is wrong with this car? Do you not like it. I assume you will finance another car one way or another? A lease is just paying off the remainder of the residual with a little bit of interest.
There is nothing more two it. You could consider it is two stage finance package if you want to buy it at the end. The first phase pays off the depreciation with very low interest, the second phase, the residual, will be a straight finance.
I would drive the car, put miles on it and buy it at the end.
This theory does not work if you were going to go and buy a $2k beater as a replacement to the Audi.
If this deal hasn’t been funded and the car hasn’t been reported and the title clerk hasn’t started the registration process with the state you may be able to take the car back. If this hasn’t been done you have a slight chance. What dealership group is it? For example an Automation dealer would probably take it back. Was the vehicle purchased this month? You should start at the GM and see where that goes. I know as a FI manager at Audi dealership we did take a vehicle back a few times usually if the customer was going into another Audi. You could always just lie and say that there is a debt or scratch on the vehicle and almost always the dealer will take it back.
So I completed the deal after hours on Thursday. I’m not sure what an Automation dealer is but it came from McGrath Audi in Illinois. I honestly did find curb rash on the right rear. I the mileage is really the main issue tho.
Oh your in Illinois? Take it back and tell them the car has curb rash on the rim. I’ve unwound deals for BMW and Audi IN Illinois. See what happens when you talk to the GM POLITELY. Let him know the damage on the car.
If that doesn’t work call Audi of north america and POLITELY light them up.
