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Lease return thoughts (Diesel 3.0)

auditaasssauditaasss Posts: 19
edited November 2016 in Audi
Hi All,

My lease is ends 6th Jan. Audi still hasn't announced a 3.0L Diesel story.

I know I can just hand it in and walk away, hope for some Class Action money. But it's annoying that there could well be an option from Audi which I will miss out on. Presuming they go down the 2.0L plan. I'm pretty certain that holding on to the car and buying it out makes no sense....

I know this is all conjecture but any interesting thoughts would be great.

Thanks

Ben


Comments

  • kyfdxkyfdx Posts: 119,729
    If you've followed the 2.0 TDI settlement, then you'll see that lessees are getting a cash payment. Not sure what else you could expect on your lease?

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • It's a matter of timing, that's the bit the bugs me. I have to return the car on the 6th Jan.

    If my lease expired in 6 months I will probably (although not yet agreed) get some cash and be able to turn the car in. But that looks increasingly unlikely given that there's no deal. There's still 60 days so it's possible.

    And I know the argument that this is the way leases work. But I have had 5 Audi leases and broken every single one in year 2. In every case I have gotten cash out of the deal and put that down on the next lease. But the Diesel scandal screwed the residual so I couldn't do it this time. So I have been financially impacted...
  • kyfdxkyfdx Posts: 119,729

    It's a matter of timing, that's the bit the bugs me. I have to return the car on the 6th Jan.

    If my lease expired in 6 months I will probably (although not yet agreed) get some cash and be able to turn the car in. But that looks increasingly unlikely given that there's no deal. There's still 60 days so it's possible.

    And I know the argument that this is the way leases work. But I have had 5 Audi leases and broken every single one in year 2. In every case I have gotten cash out of the deal and put that down on the next lease. But the Diesel scandal screwed the residual so I couldn't do it this time. So I have been financially impacted...

    I see your point, but...

    Even the 2.0 lessees are getting cash from the settlement. Yes, they may have to wait, and no, they don't have any positive equity when turning in their lease. But, even if their lease ended six months ago, they are still getting a substantial payout. I'm guessing you will, too.

    Did you get a good deal? Be sure to come back and share!

    Edmunds Moderator

  • Thank you!

    I didn't fully read the terms of the 2.0L, I just did. I didn't realise they are paying out as long as were leasing a vehicle in Sept 2015, even if you then turned the car back in!

    This complete resolves my dilemma, thanks!
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