Sorry, I am not sure. I believe that once the check with full amount goes to AF, AF will not give you anything. The best bet is to have State Farm only gives AF the payoff. But I guess State Farm is not allowed to do so. So if you want to try, try to persuade State Farm. Or if you can talk to AF to buyout the car by yourself, but I guess it is too late now since AF already knew the car is totaled. Anyway, I have tried hard in my case, but AF just hard to deal with.
Iâm not sure if itâs doable but can you payoff the lease your self and get the check from insurance?
Yeah,
I own a VW, and was leasing an A6âŚI even was planning to buy the A6 out after the leaseâŚHowever, with this kind of experience donât think will buy or lease a VW/Audi car again. MB here I come.
AUDI reps gave me the same reponses. I am now seriously thinking about the payoff option.
Thank you for the update. Really appreciated. Could you explain more about âwhy itâs too late since AF already know the car is totaledâ? I thought I could buyout it anyways. Did you try the buyout option before?
I recall I mentioned that during a conversation with them. They told me I cannot buyout since the car is totaled. At that time, I was not seriously considering this option so I did not pursue further. You probably can try it.
Do. Not. Try. This.
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I talked to a few other reps, managers, total loss department and they all have different information that contradicts with each otherâŚHowever, what it seems like that surplus is being kept since they âown the propertyâ, and nothing can be done there. But, I will get all the lease payments back since the total loss date, also they will cancel all the warranties, audicare and other stuff back.
The verbiage in the contract means that I get a credit towards the lease, but not a refundâŚ
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You get the payments back, audi care etc. And a credit towards a new lease. I think thatâs fair. Contact a broker here to set up your next Audi.
You need to consult a lawyer.
It was damaged under your control. You are only entitled to a repair. Geesh, the entitlement of some people
Interesting you mention thisâŚI was in a car accident where other driver was at faultâŚI called my insurance they had an insurance adjuster quickly looking at my Audi Etron (probably be a total loss) my adjuster did tell me that in the event of equity on the vehicle, more than likely Audi financial will keep entire check since Audi is the title holder. Now I wonder how true this is?
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Good morning fellow hackrs, I totaled my leased 2019 Audi etron (not at fault) a week agoâŚlong story short my insurance adjuster declared the vehicle a total lossâŚgiven the car market at the moment and after getting a true buyout from Audi financial turns out thereâs equity. Since itâs a lease, Audi financial would keep the surplus (since theyâre title holders) so I wouldnât see a dime aside from the CCR refund. That being said Iâm planning on buying out the car myself from Audi and have the insurance cut me the check as the new owner. Whatâs would be the best/fastest approach on paying out the vehicle myself as I donât have the money to pay for the vehicleâŚis getting a loan through my bank suitable? Iâm new dealing with this situation, Thanks in advanced
Understand that the insurance payout clause is based on when the accident actually happened, so doing this doesnât actually make the money yours.
You should, however, read your contract to verify that the surplus value on the insurance payment actually goes to Audi. The Audi policy on this varies by state. It isnât a sure thing.
The last thing Iâd want to own is a salvaged e-tron. Youâre going to hitch yourself to that thing and end up so much further upside down than any equity youâre trying extract currently.
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Check your contract wording. It seems to vary by state and make
I am now afraid to drive anywhere this month after reading all these my newly leased car is totaled posts 
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I did contact a representative for Audi financial and confirmed with him about any surplus would go to Audi, however I know well enough that what he âconfirmedâ or what heâs âused to seeingâ and whatâs on contract are two different realities. What verbiage should I see on the contract that benefits me as a leasee regarding this equity?
There is a section on your contract that specifically deals with payoffs in the event the vehicle is totalled and describes how insurance surpluses are handled.
I would take what the representative said with a grain of salt. He may be more familiar with the contract in some states vs others, etc. Always best to check your contract language.
Search, this was discussed numerous times (ex: BMW shamelessly STOLE my equity. What can I do?).
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What makes you think you get a cap cost reduction refund?
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I got this info from an Audi financial representative