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  1. #1
    Established Member Two Rings
    Join Date
    Jul 02 2014
    AZ Member #
    260782
    Location
    NW indiana

    Can't trade in my lease?

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    I was just told that I cannot trade my leased vehicle in. My lease is up on my 2014 S4, I am about 5,000 miles over due to a job/commute change in the middle of my lease. Therefore instead of eating the excess mileage I am wanting to trade my car in on a 2014 SQ5 from another Audi dealership.

    My residual is roughly $2000 less than average trade-in value so there is some equity in it. (I know there's technically not equity in a car I don't own)

    Am I being told correctly? Is my only real option to purchase the vehicle at the residual + 7% sales tax and then turn around and sell/trade it in on my new vehicle?

  2. #2
    Audi Customer Experience Three Rings Audi USA's Avatar
    Join Date
    Mar 24 2017
    AZ Member #
    396205
    Location
    Auburn Hills, MI

    I would suggest contacting the Lease End department at Audi Financial Services. They would be in the best position to assist you. Their phone number is + 1 866 277 8191.
    We cannot get involved in sales or negotiations. I also do not have access to any lease information.
    Vincenzo F.

    Audi Social Community Manager

  3. #3
    Active Member One Ring happywilliam's Avatar
    Join Date
    Mar 31 2017
    AZ Member #
    396694
    Location
    Santa Rosa, CA 95409

    Try to contact DSR Leasing for they offer trade in services online.
    “If everything seems under control, you're not going fast enough.” ― Mario Andretti

  4. #4
    Veteran Member Three Rings Dr Chill's Avatar
    Join Date
    Oct 04 2011
    AZ Member #
    82091
    Location
    South FL
    Items for Sale

    Quote Originally Posted by Bsimms View Post
    I was just told that I cannot trade my leased vehicle in. My lease is up on my 2014 S4, I am about 5,000 miles over due to a job/commute change in the middle of my lease. Therefore instead of eating the excess mileage I am wanting to trade my car in on a 2014 SQ5 from another Audi dealership.

    My residual is roughly $2000 less than average trade-in value so there is some equity in it. (I know there's technically not equity in a car I don't own)

    Am I being told correctly? Is my only real option to purchase the vehicle at the residual + 7% sales tax and then turn around and sell/trade it in on my new vehicle?
    As you do not own a leased vehicle, you cannot "trade" it in. You can, however, have the dealer buy the car from the leaseholder without any tax consequences to you. If their offer is higher than your lease buyout quote, then you can use that cash difference to offset the cost of the new car purchase.

    Sent from my XT1650 using Tapatalk
    Current- 2017 S6 , 2015 Z/28, 2015 A8L TDI, 2013 S4 DSG

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