What would you do- sell and pick up S4 lease??
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What would you do- sell and pick up S4 lease??
So I'm looking for some perspective/ input from other people on an issue. Here's the situation-
I bought a 2010 g37x sedan a few years ago. I paid it off a few months ago and the car has 80,000 miles on it. My brother has a 2014 Audi S4 prestige package that he leases. He was living in NJ but moved back to NYC and now leaves the car at his office in jersey and has no use for the car. The lease payment is $800/month for 12,000 miles/ year. 20 months left on lease, 12,000 miles on the car. He's offered me the option to take over the lease and supplement the cost as he would have to pay anyway and this will reduce his cost.
So do I sell my G37 (pocket the money) and drive an S4 for around $400/ month and maybe buy after (not sure what the residual is... Probably 35kish) or dump the lease and shop again in 20 months
Or
Keep my G37 for a while? aka a couple years and when I want something different buy another used car (I really want a 340 with track package, or a used next gen S4 with turbo instead of supercharger). Obviously the timeline is depend on when I may see the 340 and newer S4 used... May be longer than I think... like 4 years from now.
I think the smart thing to do would be to just keep my car but the S4 was always what I wanted but I didn't want to spend so much money when shopping cars a few years ago.
Appreciate any opinions, advice, input. Thanks in advance.
I bought a 2010 g37x sedan a few years ago. I paid it off a few months ago and the car has 80,000 miles on it. My brother has a 2014 Audi S4 prestige package that he leases. He was living in NJ but moved back to NYC and now leaves the car at his office in jersey and has no use for the car. The lease payment is $800/month for 12,000 miles/ year. 20 months left on lease, 12,000 miles on the car. He's offered me the option to take over the lease and supplement the cost as he would have to pay anyway and this will reduce his cost.
So do I sell my G37 (pocket the money) and drive an S4 for around $400/ month and maybe buy after (not sure what the residual is... Probably 35kish) or dump the lease and shop again in 20 months
Or
Keep my G37 for a while? aka a couple years and when I want something different buy another used car (I really want a 340 with track package, or a used next gen S4 with turbo instead of supercharger). Obviously the timeline is depend on when I may see the 340 and newer S4 used... May be longer than I think... like 4 years from now.
I think the smart thing to do would be to just keep my car but the S4 was always what I wanted but I didn't want to spend so much money when shopping cars a few years ago.
Appreciate any opinions, advice, input. Thanks in advance.
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Yeah he claims he would supplement the cost. I would have to negotiate with him a bit but could probably get him to pay half. Still saves 400/ month plus the cost of the insurance.
My concern is, is this a car I want to buy after 20 months and have a payment? Or do I want to wait and spend money down the line on a used bmw 340 or later generation S4 or see what happens when the lease runs out?
My concern is, is this a car I want to buy after 20 months and have a payment? Or do I want to wait and spend money down the line on a used bmw 340 or later generation S4 or see what happens when the lease runs out?
I tend to agree with the others. Sell G37, take over subsidized S4 lease, reassess in 20 months.
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Way too many factors for strangers to help you with that decision.
Here's another perspective: your G is paid-off and will very likely survive the next two years with no requirements other than gasoline. If you set aside $400/month, over the next 20 months you'll have $8000 to put into a new car purchase. That's a significant down-payment into a car. Add to that the trade-in value of your G, and you'll be in a great position, IMO.
That said, if you could pay $8000 for the privilege of driving this S4 for 20 months and only 12k per year, with nothing to show for it after 20 months... would you? Because the monthly payment is completely and totally irrelevant.
Leasing is a financial model designed for convenience, not for ownership. It's upsetting the way leases are marketed as a way to fit an out-of-reach car into a limited budget, because it's just not a sound financial move. People will rationalize it, and defend their decisions according to those rationalizations, like there's no tomorrow. Doesn't matter... at the end of the day, a lease is a bad financial move. That doesn't mean other motivations don't matter, like really, really, REALLY wanting a particular car. I think we all relate to that.
Here's another perspective: your G is paid-off and will very likely survive the next two years with no requirements other than gasoline. If you set aside $400/month, over the next 20 months you'll have $8000 to put into a new car purchase. That's a significant down-payment into a car. Add to that the trade-in value of your G, and you'll be in a great position, IMO.
That said, if you could pay $8000 for the privilege of driving this S4 for 20 months and only 12k per year, with nothing to show for it after 20 months... would you? Because the monthly payment is completely and totally irrelevant.
Leasing is a financial model designed for convenience, not for ownership. It's upsetting the way leases are marketed as a way to fit an out-of-reach car into a limited budget, because it's just not a sound financial move. People will rationalize it, and defend their decisions according to those rationalizations, like there's no tomorrow. Doesn't matter... at the end of the day, a lease is a bad financial move. That doesn't mean other motivations don't matter, like really, really, REALLY wanting a particular car. I think we all relate to that.
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Way too many factors for strangers to help you with that decision.
Here's another perspective: your G is paid-off and will very likely survive the next two years with no requirements other than gasoline. If you set aside $400/month, over the next 20 months you'll have $8000 to put into a new car purchase. That's a significant down-payment into a car. Add to that the trade-in value of your G, and you'll be in a great position, IMO.
That said, if you could pay $8000 for the privilege of driving this S4 for 20 months and only 12k per year, with nothing to show for it after 20 months... would you? Because the monthly payment is completely and totally irrelevant.
Leasing is a financial model designed for convenience, not for ownership. It's upsetting the way leases are marketed as a way to fit an out-of-reach car into a limited budget, because it's just not a sound financial move. People will rationalize it, and defend their decisions according to those rationalizations, like there's no tomorrow. Doesn't matter... at the end of the day, a lease is a bad financial move. That doesn't mean other motivations don't matter, like really, really, REALLY wanting a particular car. I think we all relate to that.
Here's another perspective: your G is paid-off and will very likely survive the next two years with no requirements other than gasoline. If you set aside $400/month, over the next 20 months you'll have $8000 to put into a new car purchase. That's a significant down-payment into a car. Add to that the trade-in value of your G, and you'll be in a great position, IMO.
That said, if you could pay $8000 for the privilege of driving this S4 for 20 months and only 12k per year, with nothing to show for it after 20 months... would you? Because the monthly payment is completely and totally irrelevant.
Leasing is a financial model designed for convenience, not for ownership. It's upsetting the way leases are marketed as a way to fit an out-of-reach car into a limited budget, because it's just not a sound financial move. People will rationalize it, and defend their decisions according to those rationalizations, like there's no tomorrow. Doesn't matter... at the end of the day, a lease is a bad financial move. That doesn't mean other motivations don't matter, like really, really, REALLY wanting a particular car. I think we all relate to that.
Eating out lunch 4x per week is not a sound financial decision.
Spending $200 for an onion of good bud to calm your nerves for 2 weeks is not a sound financial decision.
Even grabbing a beer at the bar for $5 a beer is not a sound financial decision, specially when you can buy a 6-pack for $8 .
None of that sh*t really matters in life. Make sure your family always has a roof over their head with running water to wash your a.ss with and theres food always in the fridge.
As long as that is all taken care of, just be human and make bad financial decisions, because waking up happy every single day because you LOVE what you drive on the way to your money-maker.....thats what keeps you warm and fuzzy inside and your heart tick-tocking some extra years.
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All good points. Have to get a solid # of what the residual is at the end of the lease to know if buying it is an option. I agree with what was said about leasing a car. My brother did it out of convenience as he could have definitely gone way up market with his income. In fact he wouldn't be too bothered by just having to keep the car for 20 months if he had to.
I was thinking of how having to register the car in my state and transfer the lease and get new plates on it etc may be more of a pain in the *** than I want to deal with.
I was thinking of how having to register the car in my state and transfer the lease and get new plates on it etc may be more of a pain in the *** than I want to deal with.
So for me, it's more like loving what you drive as you take the kids to soccer games.
Everyone has different priorities, Chilibowl. I was just offering some alternative perspective, it wasn't a testimonial for a lifestyle choice. Actually, when it comes to automotive values, I err far more in your direction than, say, my wife's. LOL
Last edited by Rochester; Nov 27, 2015 at 12:59 PM.
I could'nt agree more with John on this! maybe its our age, yes we are close to same age."The Old guys" LOL, but I would do what he said, to pay 8k just to drive something and return it, is for the birds. You could like he said take that 8k plus you car and buy one 
. I did lease "once" but I used to to get out of NEG in a car a had. My current car is a purchase and my wife even stopped leasing and bought a Lexus.
"human and make bad financial decisions," IMO this is why out county is in debt. NO to go into politics cause this isn't what this thread is about, Just my .02
. I did lease "once" but I used to to get out of NEG in a car a had. My current car is a purchase and my wife even stopped leasing and bought a Lexus. "human and make bad financial decisions," IMO this is why out county is in debt. NO to go into politics cause this isn't what this thread is about, Just my .02
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I wouldn't take that deal at all. Your cars paid for, put 400 in the bank and save it. The S4 isn't that much nicer than the G and wouldn't get you anymore attention. If you want more power just buy a stolen supercharger for the approximate cost of the lease and blow the doors off an s4
Way too many factors for strangers to help you with that decision.
Here's another perspective: your G is paid-off and will very likely survive the next two years with no requirements other than gasoline. If you set aside $400/month, over the next 20 months you'll have $8000 to put into a new car purchase. That's a significant down-payment into a car. Add to that the trade-in value of your G, and you'll be in a great position, IMO.
That said, if you could pay $8000 for the privilege of driving this S4 for 20 months and only 12k per year, with nothing to show for it after 20 months... would you? Because the monthly payment is completely and totally irrelevant.
Leasing is a financial model designed for convenience, not for ownership. It's upsetting the way leases are marketed as a way to fit an out-of-reach car into a limited budget, because it's just not a sound financial move. People will rationalize it, and defend their decisions according to those rationalizations, like there's no tomorrow. Doesn't matter... at the end of the day, a lease is a bad financial move. That doesn't mean other motivations don't matter, like really, really, REALLY wanting a particular car. I think we all relate to that.
Here's another perspective: your G is paid-off and will very likely survive the next two years with no requirements other than gasoline. If you set aside $400/month, over the next 20 months you'll have $8000 to put into a new car purchase. That's a significant down-payment into a car. Add to that the trade-in value of your G, and you'll be in a great position, IMO.
That said, if you could pay $8000 for the privilege of driving this S4 for 20 months and only 12k per year, with nothing to show for it after 20 months... would you? Because the monthly payment is completely and totally irrelevant.
Leasing is a financial model designed for convenience, not for ownership. It's upsetting the way leases are marketed as a way to fit an out-of-reach car into a limited budget, because it's just not a sound financial move. People will rationalize it, and defend their decisions according to those rationalizations, like there's no tomorrow. Doesn't matter... at the end of the day, a lease is a bad financial move. That doesn't mean other motivations don't matter, like really, really, REALLY wanting a particular car. I think we all relate to that.
I would absolutely love to lease a new car every two years. 
And while there are competing interests, (like getting my girls through college), there's one really big consideration that makes leasing a hard stop: I like to modify my car.
OP, do you mod your G? Do you want to mod this S4?
And once the lease is up, do you really want to buy-out a boosted German sport-sedan out of warranty?
And while there are competing interests, (like getting my girls through college), there's one really big consideration that makes leasing a hard stop: I like to modify my car.OP, do you mod your G? Do you want to mod this S4?
And once the lease is up, do you really want to buy-out a boosted German sport-sedan out of warranty?
