Is there equity in my lease trade in?

dcdriver7dcdriver7 Member Posts: 3
edited October 2016 in Audi
Hi - my lease is about up on an 2014 Audi A4 Quattro premium plus (sport and cold weather packages, plus walnut inlay), manual transmission. It has less than 14k miles on it (!) and the recent pre-trade-in inspection turned up only the need to replace a tire and a rim. I think the manual transmission makes it less valuable as a trade in because I am the only dinosaur who still loves to drive stick (CarMax didn't beat the lease residual value). Any idea if there is equity to be gained, or can I at least expect them to waive the charge for the tire and rim if I am getting another Audi?

Comments

  • kyfdxkyfdx Moderator Posts: 187,683
    dcdriver7 said:

    Hi - my lease is about up on an 2014 Audi A4 Quattro premium plus (sport and cold weather packages, plus walnut inlay), manual transmission. It has less than 14k miles on it (!) and the recent pre-trade-in inspection turned up only the need to replace a tire and a rim. I think the manual transmission makes it less valuable as a trade in because I am the only dinosaur who still loves to drive stick (CarMax didn't beat the lease residual value). Any idea if there is equity to be gained, or can I at least expect them to waive the charge for the tire and rim if I am getting another Audi?

    If CarMax didn't beat the residual, then it's not likely that there is any equity.

    If you are leasing another Audi, ask them if they can give you any credit for the unused mileage. (but, doesn't seem cost effective to lease, considering the low mileage you drive).

    Have you thought about buying the vehicle (sounds nice!). It's really low miles, and still under warranty!. What is the residual?

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  • dcdriver7dcdriver7 Member Posts: 3
    Thanks - I will definitely ask. Residual is 23,405 - I paid for 10k/yr miles (oops!). I have been tempted to buy it, not least because they don't make the stick anymore and I do love it, but my last car was a 2003 A4 and maintaining it after warranty was an absolute misery. I promised myself I would never own one again, but I couldn't give up driving them (the 335i didn't compare!)
  • MichaellMichaell ColoradoModerator Posts: 183,366
    dcdriver7 said:

    Thanks - I will definitely ask. Residual is 23,405 - I paid for 10k/yr miles (oops!). I have been tempted to buy it, not least because they don't make the stick anymore and I do love it, but my last car was a 2003 A4 and maintaining it after warranty was an absolute misery. I promised myself I would never own one again, but I couldn't give up driving them (the 335i didn't compare!)

    Actually, Audi has re-introduced the manual for the A4.

    Audi offers a 7500 mile lease. But, as my co-host points out, you like it, it's still in warranty, and will likely be a lot less expensive than leasing a new one.

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  • dcdriver7dcdriver7 Member Posts: 3
    They are telling me the stick won't be available until spring (I did see that in car&driver)
  • foffofoffo Member Posts: 23
    Actually Audi financial now has a new pull ahead program you may take advantage if your lease will end before March 31, 2016, they will pay up to 4 months of your old lease if you get a new 2017 A4, A6, A7 or A8.
    That may help you a little....
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