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Is Timing Bad for Me?

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Old Jun 14, 2008 | 11:17 PM
  #1  
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trini305
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Is Timing Bad for Me?

Hi-

My 2007 A4/24K mile lease ends on Nov 15th and I want to get a nicely loaded G37. The problem I see is the 2009's will be out and I doubt if I"ll be able to negotiate the sale price down too much from MRC and the lease payments will be much higher than a 2008 if I was to pull the trigger in the next 2 months. What do you guys think? I understand from previous posts the 2008's dealers will have in stock may not be what I'm looking for and the residual, etc will also be lower causing the monthly payments to be higher verus now.

Decisions, decisions, decisions...

My A4 with Premium only has 16,700 miles, serviced at the Audi dealership, and is in very good condition. Do you guys think the Infiniti dealers will work with me on my current lease with 2-3 months remaining on it?

One more thing, any recommendations for dealers in S. Florida?

Thanks for the help everyone!
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Old Jun 15, 2008 | 05:36 PM
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Can't make 5 payments disappear, so you can either pay them yourself or roll them into a new deal. True, while you won't get the deal of the year on an '09 coupe when you Audi lease matures, but either way you're coming out of pocket in reality.

If it were me, I'd wait since smart money wouldn't roll in lease payments into a new lease because you would be paying more interest on those payments over the life of the lease term. Again, you'll pay a little more then, what are you really saving in the end? Think big picture, brotha...
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Old Jun 15, 2008 | 06:57 PM
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From: GWB gateway
Originally Posted by trini305
Hi-

My 2007 A4/24K mile lease ends on Nov 15th and I want to get a nicely loaded G37. The problem I see is the 2009's will be out and I doubt if I"ll be able to negotiate the sale price down too much from MRC and the lease payments will be much higher than a 2008 if I was to pull the trigger in the next 2 months. What do you guys think? I understand from previous posts the 2008's dealers will have in stock may not be what I'm looking for and the residual, etc will also be lower causing the monthly payments to be higher verus now.

Decisions, decisions, decisions...

My A4 with Premium only has 16,700 miles, serviced at the Audi dealership, and is in very good condition. Do you guys think the Infiniti dealers will work with me on my current lease with 2-3 months remaining on it?

One more thing, any recommendations for dealers in S. Florida?

Thanks for the help everyone!
yes actually most dealerships will work with you if you have 2-3 if their nice they will pay off the remaining balance so you can leave in a new car
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Old Jun 15, 2008 | 07:04 PM
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I got my car at Inifiniti of Davie, and I did my deal with Moises. He was a great guy and got me $500 over invoice on a 37. Tell him Jonathan sent you. Also there is something called early lease termination. Call Audi Finance and see how much you would have to pay to get out of your lease early, or you can try and negotiate with the dealer to see if they're willing to pay the last couple of months.
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Old Jun 16, 2008 | 12:54 PM
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Originally Posted by homelessdrunk
yes actually most dealerships will work with you if you have 2-3 if their nice they will pay off the remaining balance so you can leave in a new car
Yes, they will pay off your remaining balance and then ROLL IT OVER into the new car, so you will have to make larger monthly payments. Personally I wouldn't do it that way. I recommend doing the following before making any decisions.
A good idea is to get your car appraised as a trade-in, meaning, you are selling the car to the dealer. I know people will say, "how can u sell a car you are leasing? You don't own it!" well to them I say "the same way you can sell a car you still make payments on". This is what you need to do, go to Edmunds.com can get estimate of your car value as a trade in. However, instead of appraising as "excellent" condition, set it at "average". That is a more "real world" estimate. Then call Audi Financial Services to find out what your "buyout" price is. Then compare to see how much under (or over) you could be. Once you get those numbers, compare it to how much it would cost you to roll over 5 months of payments, then go with the one that is lowest.
If trading-in the car is the better deal (since you sometimes could end up with some equity if your car has low miles and is in good shape), try to get the dealer to take the car for the highest price possible.
Hopefully this is not too confusing, if it is, shoot me a PM or email at g(at)ridewithg.com and I'll try to explain it better.
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Old Jun 16, 2008 | 05:28 PM
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Originally Posted by homelessdrunk
yes actually most dealerships will work with you if you have 2-3 if their nice they will pay off the remaining balance so you can leave in a new car
Originally Posted by jweb3
Call Audi Finance and see how much you would have to pay to get out of your lease early, or you can try and negotiate with the dealer to see if they're willing to pay the last couple of months.
Guys, remaining payments can't get negotiated away and/or just disappear. Either you pay them upfront or they get added into the cost of your new car (like RWG mentions; rolled in). Please use common sense and think; if this were true where payments disappeared, I'd be leasing a new car every month.
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Old Jun 16, 2008 | 11:33 PM
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Thanks for the feedback everyone! I checked Edmunds and the appraisal for Average is approximately $1500 below the buyout price (not bad, expected worst). I'm going to wait till I have 3 payments remaining since I have to take the a4 to the body shop to have the right side sprayed. It was keyed in the parking lot of a mall (one scratch that covers the front and backseat doors on the right side of the car). Not very happy about since I'll be $500 out of pocket due my insurance deductible.

Would the dealership laugh at me if I bring in the edmunds appraisal sheet for the a4? I'm thinking the dealer will work with the a4 since it has low mileage and the car will be in better than average condition (interior/exterior).

I know this is a dumb question, but do you think Audi will ding me for the scratch if I don't get it repaired when it's time to turn in the car at the end of the term (if I decide to keep it till term end)? I wish i got a silver a4 instead of a black one:-)

Then again, you never know due to the economy...
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Old Jun 17, 2008 | 04:40 PM
  #8  
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Originally Posted by trini305
Thanks for the feedback everyone! I checked Edmunds and the appraisal for Average is approximately $1500 below the buyout price (not bad, expected worst). I'm going to wait till I have 3 payments remaining since I have to take the a4 to the body shop to have the right side sprayed. It was keyed in the parking lot of a mall (one scratch that covers the front and backseat doors on the right side of the car). Not very happy about since I'll be $500 out of pocket due my insurance deductible.

Would the dealership laugh at me if I bring in the edmunds appraisal sheet for the a4? I'm thinking the dealer will work with the a4 since it has low mileage and the car will be in better than average condition (interior/exterior).

I know this is a dumb question, but do you think Audi will ding me for the scratch if I don't get it repaired when it's time to turn in the car at the end of the term (if I decide to keep it till term end)? I wish i got a silver a4 instead of a black one:-)

Then again, you never know due to the economy...
To answer your questions...No I don't think you should printout the estimate from Edmunds and show it to your dealer. Try to get $1000 under your buyout and see if the dealer will take your A4 for that. Ideally you don't want to go pay more than $1500. Just go to the dealer and see what their offer is. If they say $800, then take it. If they say $1500 then ask for $1000. No matter what, keep your trade-in and new car negotiations separate.
I usually advise people to look at the dealer as doing them a favor and "working with them" to get a better price for their trade-in. Its not like they are "losing money" with your trade-in, specially if its in good shape.

I wouldn't take that A4 and "patch it up" for $500. I'd rather trade it in and pay them the negative equity to get off that lease, assuming the deal ends up being cheaper than 5 payments of your A4.

I believe Audi has up to a certain amount of damage waiver, similar to Honda/Acura. Call Audi Financial to double check. Either way, if that scratch is all you have, chances are you might be ok. There will be a free inspection you need to schedule prior to your lease maturity date, they will be able to tell you if that scratch is cause for concern...assuming you plan to complete your lease.
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