Lease Turn In / Buyout Questions...

[MMM430]

Ladies and Gentlemen, I'm positing this topic here b/c I've come to know a few of you and overall I value your opinions on a wide variety of topics. It's our first lease so I am doing whatever research I can to assure we do the right thing......so, we need your advise. My wife and I are leasing a 2007 Audi A4 2.0T. End of lease is 08/01/2010. The car is nearly loaded (every option avail except navigation & S-Type Pkg Appearance Pkg.) and is several (roughly 13K) miles under our lease allowance. Looking at fair market value which is significantly more than the residual on the lease (approx. $4500 more), I believe we may be in a good spot. We are looking to possibly sell it, take the difference between the FMV and the residual and use that as a down payment on another vehicle. Or possibly negotiating the buyout down even further, buying it from Audi Financial then selling it for the FMV or as close as we can for a greater windfall. Would love your thoughts and input! Below are all the details and info from the sticker. Thank you all for your knowledge! - MMM430 Here are the vitals: 2007 Audi A4 2.0T Condition: Minor scratch on trunk lid. Excellent condition inside/out and mechanically. Garaged. Non Smoker. Very Clean. Scheduled service only by Audi dealership. Lease ends Aug 01, 2010 Mileage Allowance: 12,000 / yr. Mileage at delivery: 1000 Current Mileage: 24,343 Sticker Price: $34,485 Residual / Purchase Option: $18,621.90 Vehicle Options: This vehicle is equipped with every option available w/ exception of navigation & S-Type Pkg. Does have the nicer 18" Double spoke rims. The list below is an accurate list of all options included! Optional Packages Audio Pkg $1,000 Cold Weather Pkg $775 Convenience Pkg $2,100 Premium Pkg $800 __________________ MMM430 2000 CLK 430 Brilliant Silver / Ash 2007 Audi A4 2.0T

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