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02-16-2009, 02:52 PM
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#1 | | I contribute to threads in the offtopic forum
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| is this reasonable for such vehicle?
2005 Audi Allroad 2.7T 81300km. NAVI, fully loaded. assuming no major accidents
Price options:
1) 25900$ pay in full
2) This vehicle may be leased:
$6,000 down
$327.26 per month* for 36 months
$13,000 residual value
7.95% interest rate
* plus applicable taxes, on approved credit.
I think lease option is 7500$ more than buy out, is that normal or am i calculating wrong. Seriously interested in this car, but dont know what to do.
PS: anyone's driven or own this car. Should i buy or walk away (if it sucks) or find better price
(if its a rip-off). How much will maintence for audi be like, moving up from economical japanse car company. What should i expect?
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02-16-2009, 02:54 PM
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#2 | | How I Mod your mother
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I've always been under the impression that euros are more expensive to maintain..
Also from what I've read on these boards, Audi's arent too reliable
__________________ Quote: | [19-07, 16:52] bloodmack: EB did u change my avatar and title?
| Quote: | [19-07, 16:54] El Bastardo: bm i have no idea what you're talking about because i don't speak gorilla
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02-16-2009, 03:33 PM
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#3 | | 2x Variable Nockenwellen Steuerung
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| Quote:
Originally Posted by Draft  I've read on these boards | You mean Revscene, which are filled with new drivers who barely have money to scrape by for their first cars, let alone maintenance?
I would suggest the OP to do the research in Audi oriented website like http://forums.fourtitude.com/ | |
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02-16-2009, 03:38 PM
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#4 | | How I Mod your mother
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Originally Posted by godwin You mean Revscene, which are filled with new drivers who barely have money to scrape by for their first cars, let alone maintenance?
I would suggest the OP to do the research in Audi oriented website like http://forums.fourtitude.com/ | Yes, these boards = revscene
I'd say this site has its fair share of ppl who can afford more than just a car + maintenance
__________________ Quote: | [19-07, 16:52] bloodmack: EB did u change my avatar and title?
| Quote: | [19-07, 16:54] El Bastardo: bm i have no idea what you're talking about because i don't speak gorilla
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02-16-2009, 04:46 PM
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#5 | | racing & tech mod.
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I would strongly advise against leasing a 4 year old car, especially if it's an open end lease where you will be on the hook for the residual.
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02-16-2009, 08:49 PM
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#6 | | What hasn't Killed me, has made me more tolerant of RS!
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The air suspension alone will cost a fortune to maintain. keep an eye out for oil leaks, plugged pcv systems. Timing belt job can cost upwards of $1500 (dealer)
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02-16-2009, 11:14 PM
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#7 | | I contribute to threads in the offtopic forum
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| Quote:
Originally Posted by Rich Sandor I would strongly advise against leasing a 4 year old car, especially if it's an open end lease where you will be on the hook for the residual. | isnt it normal for every lease to have a residual/buy out in the end of the term. I am considering leasing cuz i dont have 25900 in wallet.
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02-16-2009, 11:18 PM
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#8 | | My homepage has been set to RS
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That's a lot of KMs for a 4 year old vehicle.
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02-16-2009, 11:20 PM
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#9 | | I contribute to threads in the offtopic forum
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average 20,000km per year!!! what is the norm for daily driver?
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02-16-2009, 11:28 PM
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#10 | | racing & tech mod.
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Most manufacturers (GMAC, Ford Credit, BMW financial, etc etc) do CLOSED END leasing, which means you will not have to pay anything at the end of the lease. (unless you've leave dings and dents all over the car)
And OPEN ended lease is what most 3rd party leases, like JP leasing or Tricor do - which means the residual is estimated, and if the car is actually worth less than the residual after the lease is over, than YOU HAVE THE PAY THE DIFFERENCE. So if the residual is $13,000 but after 3 years they say it's only worth $10,000, YOU HAVE TO COME UP WITH $3000.
Usually only NEW cars have closed end leases. Most dealerships that offer leases on older cars, and doing open ended leases, which I don't like to subject people to.
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02-16-2009, 11:31 PM
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#11 | | WOAH! i think Vtec just kicked in!
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^ That's nice and Clear. Thank You
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02-16-2009, 11:53 PM
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#12 | | I contribute to threads in the offtopic forum
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| Quote:
Originally Posted by Rich Sandor Most manufacturers (GMAC, Ford Credit, BMW financial, etc etc) do CLOSED END leasing, which means you will not have to pay anything at the end of the lease. (unless you've leave dings and dents all over the car)
And OPEN ended lease is what most 3rd party leases, like JP leasing or Tricor do - which means the residual is estimated, and if the car is actually worth less than the residual after the lease is over, than YOU HAVE THE PAY THE DIFFERENCE. So if the residual is $13,000 but after 3 years they say it's only worth $10,000, YOU HAVE TO COME UP WITH $3000.
Usually only NEW cars have closed end leases. Most dealerships that offer leases on older cars, and doing open ended leases, which I don't like to subject people to. | oh, so residual is not the same as buy-out option at the end of leased term?
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02-17-2009, 12:16 AM
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#13 | | racing & tech mod.
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Residual is what the payment is based on, Buyout is what it'll cost you do buyout the car. USUALLY they will be exactly the same; mutually exclusive terms.
But what I'm trying to say, is that on a CLOSED END lease, the residual/buyout is FIXED. (good for YOU) whereas on an OPEN END lease, it is re-evaluated at the end of the lease, and you are responsible if there is a difference oweing.
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02-17-2009, 12:20 AM
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#14 | | I *Fwap* *Fwap* *Fwap* to RS
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| Quote:
Originally Posted by Rich Sandor Residual is what the payment is based on, Buyout is what it'll cost you do buyout the car. USUALLY they will be exactly the same; mutually exclusive terms.
But what I'm trying to say, is that on a CLOSED END lease, the residual/buyout is FIXED. (good for YOU) whereas on an OPEN END lease, it is re-evaluated at the end of the lease, and you are responsible if there is a difference oweing. | I've always wondered, who decides the value of the car after the term for the lease is up?
What stopping someone from say it's with 100 bucks and you have to pay a difference of XXXXX?
__________________ Quote:
Originally Posted by Hyde rich ppl dont need respect from poor ppl | | |
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02-17-2009, 12:21 AM
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#15 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: surrey
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| Quote:
Originally Posted by Rich Sandor Residual is what the payment is based on, Buyout is what it'll cost you do buyout the car. USUALLY they will be exactly the same; mutually exclusive terms.
But what I'm trying to say, is that on a CLOSED END lease, the residual/buyout is FIXED. (good for YOU) whereas on an OPEN END lease, it is re-evaluated at the end of the lease, and you are responsible if there is a difference oweing. | so if i just want to walk away after lease term, residual and buy out will have no effect on me regardless of market value , am i right?
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02-17-2009, 12:41 AM
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#16 | | racing & tech mod.
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Originally Posted by wasabisashimi so if i just want to walk away after lease term, residual and buy out will have no effect on me regardless of market value , am i right? | Only on a CLOSED END lease.
On an OPEN END lease, you are still responsible for the difference between market value and residual/buyout.
The easy way to remember is that when a closed end lease is done, it's CLOSED, shut, done, over.
When an OPEN end lease is up, you still have loose-ends to tie up, the door is still "open"..
get it?
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02-17-2009, 12:42 AM
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#17 | | racing & tech mod.
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Originally Posted by b-dub I've always wondered, who decides the value of the car after the term for the lease is up?
What stopping someone from say it's with 100 bucks and you have to pay a difference of XXXXX? | I *think* they base it on the Canadian Black Book. but I'm not 100% sure. It totally depends on what the contract states.
The bottom line is that if you are doing an open-end lease, and you think the lease end value is unrealistically high - don't sign the contract!!
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02-17-2009, 12:55 PM
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#18 | | Wunder? Wonder?? Wander???
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Originally Posted by spydermanx The air suspension alone will cost a fortune to maintain. keep an eye out for oil leaks, plugged pcv systems. Timing belt job can cost upwards of $1500 (dealer) | I wouldn't expect this car to be cheap to maintain, especially if you're coming from driving a japanese appliance on wheels. I've been eying an allroad for a long time. Just go to allroad forums for more info: forums.audiworld.com/allroad/
It's turbo-charged, quattro, with adjustable suspension... plus all the electronic gremlins that VW/Audi is known for. If you're paying someone else to do maintenance, expect the bills that come with owning this car. It's a bit of a gas hog too.
Still... that being said, I still would love to own this car. So as long as you know what you're getting into, then enjoy it.
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02-17-2009, 01:00 PM
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#19 | | Wunder? Wonder?? Wander???
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oh yah price-wise, these things are dirt-cheap in teh states. http://www.audiusa.com/audi/us/en2/C...&distance=1448
17K USD for an 05 with 40K miles and Audi CPO'd
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02-17-2009, 01:05 PM
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#20 | | Banned (ABWS)
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No i dont think thats resonable, i think dat its crap!
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02-17-2009, 01:10 PM
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#21 | | I contribute to threads in the offtopic forum
Join Date: Nov 2006 Location: surrey
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| Quote:
Originally Posted by Rich Sandor I *think* they base it on the Canadian Black Book. but I'm not 100% sure. It totally depends on what the contract states.
The bottom line is that if you are doing an open-end lease, and you think the lease end value is unrealistically high - don't sign the contract!! |
so ya, talked to the dealer, the lease will be open-ended. I just dont know if the car's residual price of 13000$ will be too high 3 yrs from now.
Also, how much more will I pay to import the same vehicle from USA, someone else provided a link to a nice one in Virginia. I like it but who knows if inspection, tax, transportation and safety updates will still make it a steal
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02-25-2009, 04:32 PM
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#22 | | Ready to be Man handled by RS!
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Originally Posted by Rich Sandor Only on a CLOSED END lease.
On an OPEN END lease, you are still responsible for the difference between market value and residual/buyout.
The easy way to remember is that when a closed end lease is done, it's CLOSED, shut, done, over.
When an OPEN end lease is up, you still have loose-ends to tie up, the door is still "open"..
get it? | if residual is lower than the market value of the car after the lease is done do they give money back?
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02-25-2009, 04:36 PM
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#23 | | Banned (ABWS)
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Originally Posted by godwin You mean Revscene, which are filled with new drivers who barely have money to scrape by for their first cars, let alone maintenance?
I would suggest the OP to do the research in Audi oriented website like http://forums.fourtitude.com/ | you're one of them!  | |
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02-25-2009, 05:09 PM
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#24 | | racing & tech mod.
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Originally Posted by Mwing if residual is lower than the market value of the car after the lease is done do they give money back? | No. That's called having "positive equity" at the end of your lease. You have to buy it out, and then sell it privately to make your money back.
If the lease-end value/residual/buyout was calculated more accurately your monthly payment would have been lower, and you could have just dropped the keys and walked away.
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02-25-2009, 06:40 PM
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#25 | | Ready to be Man handled by RS!
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Originally Posted by Rich Sandor No. That's called having "positive equity" at the end of your lease. You have to buy it out, and then sell it privately to make your money back.
If the lease-end value/residual/buyout was calculated more accurately your monthly payment would have been lower, and you could have just dropped the keys and walked away. |
it sucks coz you can sell the car rite, but you have to buy out and add 12% tax, so it has to be a big difference in market value and risidual to make it fair
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