Definitely did not expect the thread to head toward the direction it did… haha
I have enough savings accumulated to keep the vehicle, but the initial goal was to allocate this money towards paying off schooling. The decision to go back was very spontaneous and if I knew sooner, I would have posted this deal on this forum back in Feb for another person to grab it.
I suppose the moral of the story here is to be wary of Audi’s lease transfer policies before committing to the terms of their lease contracts. Again, everyone’s input is much appreciated
I would suggest using kbb.com and search for some used car manager willing to buy your car at reasonable price (close to your pay off). Or try to sell the car — call audi get the payoff amount and list it on audi forum, facebook group. People will need to go though their bank to close the deal, but still better than the lease transfer.
I was in your situation last year. Got a lexus gs350 fsport, got a business and needed a truck asap. Trying to transfer it but no body interested, went to car max and they low ball so hard. Finally, i went to a Nissan dealer sold the car for 2k under my payoff, i think they turned around and sold the car 2k over my pay off, they made totally 4k, but to me it was less headache and more time to think about my business. Also 2k is like 4 months payment that i would had still paid for the car to sit in the garage collecting dust (not including insurance and the tag was expired).
The guy may terminate insurance at any time and may get into an accident…I had the same worry just about s year ago for my 500e (which is even worse, Chrysler does not even do transfer)
I ended up parking the car at my driveway for a year and only drove like 500miles(can’t sell it as 500e’s market value is way less than the pay off)
For op case, the best way is to sell the car outright, even if you have to pay a little out of pocket (for ease of mind). However if the difference is too large, I’d rahter find someone who is willing to write a contract with me, give me 1-3 month of lease payment as deposit, and I keep the lease and buy insurance for him. He will pay me monthly for agreed lease payment + insurance. This is thr lowest risk way thst I can think of but still have risk as he may get involved in an accident which exceed the insurance coverage…for me I was too paranoid and ended up not doing anything
I can’t believe anyone would even seriously consider this. Imagine the assumee injures someone in a crash. Any ambulance chaser worth a damn will name you in any and all lawsuits, not even counting the liability what about your legal fees and time required to deal with it. It’s why i will never lease a vag product. Op do yourself a favor either Keep it or sell it.
Well you can literally report it as stolen. But yeah as I said that might be the safest way to do it but still very risk.
The best way is to sell it outright
There are actually a few people who’s interested to do so for my fiat 500e but yeah if it involves in a serious accident it’s still very risky.
I ended up paying the remaining 12 payment for my fiat without driving it lol. Worse lesson learned and will never lease Chrysler car ever again
No, you knowingly lent it to someone. An unpaid debt between two private parties is a civil matter. Or you could lie and then be charged with filing a false police report.
