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#1
08-19-2006, 11:26 AM
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Buy my leased car?
I posted this in F&I, maybe I'll get more responses here.
My lease for my 2003 Audi A4 1.8T CVT(With sports package, ~31k) ends next month. The buyback price is $16,070. As I was in college and didn't use it much, it only has 26,000 miles on it. I feel like I should definately buy it, even if it's just to resell it. Thoughts? 
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#5
08-27-2006, 02:31 PM
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Re: Buy my leased car?
For the people who say leasing cars are bad :
Why? It seems like you could get best value leasing it. Buy it out if it's worth more than the buyout, and get rid of it if it's worth less.
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#6
08-29-2006, 06:15 AM
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Re: Buy my leased car?
It depends on which 1.8 this is. Is it the 2 door Cabriolet, 2wd sedan or the Quattro.
According to the Manheim Market Report(wholesale auction sales) these are the current wholesale values Cabriolet: $20,900 2wd Sedan: $16,000 Quattro: $17,000
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#7
08-31-2006, 03:02 PM
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Re: Buy my leased car?
if you want a different car, trade it in and use the equity (if there is any) towards your next purchase. if there isn't equity in terms of wholesale value, you can sell it at any time... of course you would want to do this BEFORE your option comes due.
if you want a different car, do not have wholesale equity for trade, and cannot sell it outright before your option comes due, then turn it in and let someone else deal with it. tripdad
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