Lease ending on 2016 A6 3.0 Pestige...should I purchase?

[TallGuy]

Would appreciate your input. I am coming to the end of my 3 year lease on a 2016 A6 Prestige. For a variety of reasons I was unable to drive it nearly as much as I would have liked (love car), so it looks like the final mileage will be under 8,000. Residual value on car at end will be $35,000. Condition of car is excellent (it almost has a hint of new car smell). I have purchased the Audi Care maintenance plan, so still good for 25K, 35K, and 45K (which in my case will be yearly). Dealer says to CPO car an additional $2500. BTW what is significant difference in coverage on CPO vs original warranty? I see dealer prices for 2016 about the same as my buy out. Think it would be much better to keep, than to roll over into a lease on a new one. My biggest concern is repairs down the road when out of warranty. Your thoughts? Thanks!

[AUDIofil]

If you decide to purchase the car you will have factory warranty until 2020 and if you decide to pay to get it CPO, you'll be covered until 2022.
If you like the car I would keep it.

[TallGuy]

Thanks for the input. I leased it in August of 2015, so the warranty is good for over a year. With the CPO I believe it would be 2021.
Great to have a car that a tall guy can fit into!

[arrivalanche]

Ive been told by my sales guys to never buy a lease bc you end up paying more for the car in the end. Plus why buy a car anymore? Not having a warranty is just a headache. Just get a new car for the same monthly.

[OlyS6]

If you enjoy the car, I think a good reason to buy it is because YOU KNOW how it's been driven, and you've taken great care of it- you won't find a better used one I imagine.
You also still have remaining Audicare, and the CPO option is pretty good.
If you're not someone who has to have a brand new car every 2-3 years and have a perpetual hamster wheel of lease payments, you'll come out ahead. Plus, you can make it your own with modifications as desired, and not worry about reverting to stock at lease-end.

[ClaudeG]

Damn... I wish I drove like you did... my 3.0 is reaching the 1 year mark and I hit 16K already... but I love it. I plan on keeping it, but the mileage scares me. I vote for you to keep.

[TallGuy]

This is actually my first lease, the cars I have purchased in the past I have kept in the 5+ year range. But those have been Nissans, Toyotas, etc., not Audi level. Tempting to just lease a new one, but not unless there is a major change, and it still doesn't seem like a total change yet. But I bet in 2-3 years there will be.

[GilliamOS]

Ive been told by my sales guys to never buy a lease bc you end up paying more for the car in the end. Plus why buy a car anymore? Not having a warranty is just a headache. Just get a new car for the same monthly.

Some of us like not having a monthly.

[OmaHahn]

Ive been told by my sales guys...

Your 1st mistake!

[JWebb_C7_Comp]

Given how little you drive and that you've got Audi Care, and could get CPO, I'd bet you're spending $40K max if you buy it outright and drive it 3-4 more years. In 4 years it's probably still worth $8-$10k, leaving a net expense of roughly $30-32K... In the end, you'd likely save a little cash keeping that car. The 2018s aren't much different and the 2019s aren't available, so trading now doesn't make a huge difference. BUT, you gotta want to keep that specific car to make keeping it work out financially.

Seems to me this comes down to preference rather than pure math.

What about an S6 or an RS7.... that could be fun, but the math might not be on your side.

[p3u]

In 4 years it's probably still worth $8-$10k, leaving a net expense of roughly $30-32K... In the end, you'd likely save a little cash keeping that car.

I think your estimate is a bit fuzzy. In 4 years with the amount OP drives it will be worth closer to $20k.

[JWebb_C7_Comp]

I think your estimate is a bit fuzzy. In 4 years with the amount OP drives it will be worth closer to $20k.

Assuming that’s correct, math favors keeping the A6. RS7, however, still might be a good move..;-)


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[TallGuy]

Does anyone happen to know the difference between coverage with the warranty vs cpo? Are cpo prices negotiable? How is it connected to buying out a leased car? Thanks!

[S4S6JGC]

With your mileage so low, and if you decide to get a new car, I would have the dealer take a look at it as a trade in (not a lease "turn in"). Audi has a lease pull ahead program right now, where they will waive 3 lease payments, and the dealer can utilize the program even on a trade in. It effectively reduces your payoff. My wife and I just did this Sunday on her S4 (B8.5 with 16k, got a B9) and it worked out beautifully.

Also, you could sell the car yourself or give Carmax a try. Just letting you know those are options - Audi is great in that sense, the payoff is the payoff, just as if you financed (purchased) with them. We are on Audi #10, all leased, and I've sold 7 private party and traded in one (the S4).

The 2019 is an all new car, beautiful (google it), but won't likely hit the dealer lots until late summer, at which point they won't be "wheeling and dealing", lease programs won't be great and inventory will be somewhat limited.

Sounds like you have a beautiful car, given the 2019's are coming, it may be best to buy your car and then sell it in a couple/few years, at which point the C9 will have been out a while and all the options (i.e. black optics) will be available.

For the record, in my opinion, leasing is great. The "money factor" is typically (depending on model of course) 1.5-2% less than finance rates, you avoid gross tax on the whole car within the lease term, giving you flexibility to decide if you really want to commit (buy the car). The only real downside is the acquisition fee (795-895), but that is typically more than absorbed by the rate variance. Some get so concerned with mileage and feel they are locked in, but they're really not, unless they are leasing a Ford or a couple other select manufacturers.

[Dirt]

With your mileage so low, and if you decide to get a new car, I would have the dealer take a look at it as a trade in (not a lease "turn in"). Audi has a lease pull ahead program right now, where they will waive 3 lease payments, and the dealer can utilize the program even on a trade in. It effectively reduces your payoff. My wife and I just did this Sunday on her S4 (B8.5 with 16k, got a B9) and it worked out beautifully.

Do you know when this program started?

[S4S6JGC]

Do you know when this program started?

I'm not sure when it started, to be honest. However, I kind of got the feeling it has been a long running program (more consistent than, i.e., rebates). The information for it isn't available online, you have to ask your dealer. Keep in mind, they could technically not tell you about it and potentially pocket the difference.

[Dirt]

I'm not sure when it started, to be honest. However, I kind of got the feeling it has been a long running program (more consistent than, i.e., rebates). The information for it isn't available online, you have to ask your dealer. Keep in mind, they could technically not tell you about it and potentially pocket the difference.

That’s exactly why I’m asking. Lol