Lease Turn In / Buyout Questions...
05-17-2010, 12:48 PM
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'00 CLK430 & '08 Lexus RX 350
Lease Turn In / Buyout Questions...
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
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
Last edited by MMM430; 05-17-2010 at 08:22 PM.
