Trading in a lease

[amrhus]

Does anyone have experience in trading in a leased Audi?

From my understanding, if you trade it into a 3rd-party dealership (non-Audi), the payoff is fair market value as opposed to the actual pay off amount. But, if you trade it into an Audi dealership, it's the pay off amount. My question is, what if you trade it into a dealership, for a different brand car, that has many different makes, e.g. Audi, BMW, Merc, Porsche, etc, would that count as a 3rd-party since they have Audi within their "family"? For example, let's say I want to buy a BMW and the dealership I'm buying it from is part of an automotive group wherein their group contains Audi. Would Audi still consider that a 3rd-party trade-in?

[RMode]

Does anyone have experience in trading in a leased Audi?

From my understanding, if you trade it into a 3rd-party dealership (non-Audi), the payoff is fair market value as opposed to the actual pay off amount. But, if you trade it into an Audi dealership, it's the pay off amount. My question is, what if you trade it into a dealership, for a different brand car, that has many different makes, e.g. Audi, BMW, Merc, Porsche, etc, would that count as a 3rd-party since they have Audi within their "family"? For example, let's say I want to buy a BMW and the dealership I'm buying it from is part of an automotive group wherein their group contains Audi. Would Audi still consider that a 3rd-party trade-in?

Your question is one best asked to the dealer. Some will allow it without a markup; others will not.


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[amrhus]

Your question is one best asked to the dealer. Some will allow it without a markup; others will not.


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I thought it would be up to Audi Financial Services, not the dealership. Wouldn't Audi determine the pay off amount based upon the dealership (Audi vs non-Audi) that is taking the trade?

[awdconnor]

From what i understood on my Subaru Lease. Is that it depends on the residual that you signed. So, when i bought my Subaru STI in 2019, at the end of the lease it had a 23k buyout after 3 years. Which i think is what the bank thinks the market value will be on the car. I sold it for 37.5k to an 3rd party dealer. I still owed about 2k (sold it at 2.5 years of owner ship). So 37.5k-23k= 14.5k -2k (early termination/rest of payments) pocketing 12.5k.... This probably wont happen as Audis depreciate like no other...

This was in 2022, I know that their are some dealers that WONT let you sell the lease to another dealership because people were basically leasing cars, then driving them across the street and selling them for a couple thousand more... Insane.

TLDR; You can sell a lease to anyone. You just have to make sure you know exactly what the payout is on the car. Its called a lease buyout (i think lol).

[RMode]

I thought it would be up to Audi Financial Services, not the dealership. Wouldn't Audi determine the pay off amount based upon the dealership (Audi vs non-Audi) that is taking the trade?

The residual has nothing to do with its trade value

The Audi dealer can pull up the current payoff


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[RMode]

From what i understood on my Subaru Lease. Is that it depends on the residual that you signed. So, when i bought my Subaru STI in 2019, at the end of the lease it had a 23k buyout after 3 years. Which i think is what the bank thinks the market value will be on the car. I sold it for 37.5k to an 3rd party dealer. I still owed about 2k (sold it at 2.5 years of owner ship). So 37.5k-23k= 14.5k -2k (early termination/rest of payments) pocketing 12.5k.... This probably wont happen as Audis depreciate like no other...

This was in 2022, I know that their are some dealers that WONT let you sell the lease to another dealership because people were basically leasing cars, then driving them across the street and selling them for a couple thousand more... Insane.

TLDR; You can sell a lease to anyone. You just have to make sure you know exactly what the payout is on the car. Its called a lease buyout (i think lol).

The dealer doesn’t determine whether you can trade to a completely unrelated third party - the leasing company does. For the last several years, AFS would not let a car be purchased by a third party. In this case it’s not really a third party. But they may not allow a 100% pass through of value either. And some dealer groups without an Audi franchise may still have an arrangement with an area audi store where a trade can still be done. So it’s all circumstantial.

Needs to be a conversation with that store.


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[awdconnor]

The residual has nothing to do with its trade value

The Audi dealer can pull up the current payoff


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Ahh no thats not what i meant, I knew i left something out. Sorry about that.

I meant that the residual has to do with what the car is worth at the end of the lease, like the buyout i was talking about above. So, if he was offered 30k trade in and the residual is 25k he COULD have that 5k "profit" at the end. And yea i mentioned that some lease companies wont let you sell the lease to other dealers, We went through that with my sisters subaru but the dealer found a way around it. Basically the dealership buying the car but in HER name, then selling the car to them once they mail HER the title. It was a whole weird situation but it worked.

Yea absolutely would talk to the store.

[buggravy]

If your car is leased through Audi Financial Services then you can trade it in to any Audi dealership with the contracted pay off amount. Trading into an off brand dealership uses third party (market based) pay off. If you trade in to an off brand dealership that has an Audi store under their dealer group umbrella then they can probably take it on trade using contracted party payoff by having their Audi store be the one buying the car. I say "probably" meaning I've definitely seen it done. Probably comes down to how badly said dealer wants to make the deal, and what hoops they're willing to jump through.