Hi,
New to this forum and seeking advice around whether to buy out the lease on my 2020 Tiguan SE AWD that expires in a few months. Summary of current lease:
Miles: 24,100
Current payment: $469
Residual: $15,164 + $1,577 (tax), also still a few payments owing
I’ve gotten a handful of trade in offers from local VW dealerships, with most ranging from $18K-$19.5K, so a bit of equity, but not as much as I was thinking. Is this worth purchasing at lease end and waiting on market to settle? I’ve also had my eye on an Audi Q3. There are a handful of 2022 models in our area. I got a quote for a new lease:
2022 Q3 S Line Premium
MSRP: $41,745 (less 6% affinity discount + and additional $1250 rebate)
They would give me $21K for my trade. 36/10, .00351MF (although Edmunds quotes .00307), 59% residual. $1081 pay on delivery. $549/month
I’m open to financing the Audi, as I hate to dump my equity into a lease–not sure what kind of rates I can get at AFS or elsewhere (excellent credit).
Any advice would be appreciated!