Anyone Want To Takeover My Lease?
11-14-2012, 05:33 PM
#1
AudiWorld Senior Member
Thread Starter
Anyone Want To Takeover My Lease?
Trying to get rid of my Q5:
2012 Audi Q5 2.0t Premium Plus w/ Comfort Access. No Nav or MMI.
12,700 miles
Monthly payment is $650 a month.
Lease term is 39 months @ 10k miles a year, I've had it for 10 months now.
Black on black, very well kept.
Anyone interested?
2012 Audi Q5 2.0t Premium Plus w/ Comfort Access. No Nav or MMI.
12,700 miles
Monthly payment is $650 a month.
Lease term is 39 months @ 10k miles a year, I've had it for 10 months now.
Black on black, very well kept.
Anyone interested?
11-15-2012, 05:29 AM
#3
AudiWorld Senior Member
11-15-2012, 05:31 AM
#4
AudiWorld Senior Member
I guess it's not bad when I think about it though. With the lease you're only tied down for 39 months whereas if you got a loan, it's probably 60 months. There's pros and cons to both.
11-15-2012, 06:35 AM
#5
Leasing is a bad investment compared to financing. After financing the car for 5yrs. No more payments will be made. As for leasing 3yrs of leasing then return the car, nothing comes back to you. so if you figure an example:
1st car:
23,4000 3yrs of leasing
2nd car:
23,4000 3yrs of leasing
3rd car:
23,400 3yrs of leasing
Total: $70,200.00 9yrs
Finacing: $45,000 for 5yrs
after 5yrs $0.00 (has a trade in value for a newer car)which gives the leaser nothing to down on a new car.
difference: you would have $25,200 in your pocket for future purchase ontop of trade in value.
it is quite expensive to lease. i did 8k down on my car financing 36,000k under 3.9% apr
11-15-2012, 06:54 AM
#6
AudiWorld Senior Member
Leasing is only for people who likes to change cars every 3yrs or if they got too much money in their bank account.
Leasing is a bad investment compared to financing. After financing the car for 5yrs. No more payments will be made. As for leasing 3yrs of leasing then return the car, nothing comes back to you. so if you figure an example:
1st car:
23,4000 3yrs of leasing
2nd car:
23,4000 3yrs of leasing
3rd car:
23,400 3yrs of leasing
Total: $70,200.00 9yrs
Finacing: $45,000 for 5yrs
after 5yrs $0.00 (has a trade in value for a newer car)which gives the leaser nothing to down on a new car.
difference: you would have $25,200 in your pocket for future purchase ontop of trade in value.
it is quite expensive to lease. i did 8k down on my car financing 36,000k under 3.9% apr
Leasing is a bad investment compared to financing. After financing the car for 5yrs. No more payments will be made. As for leasing 3yrs of leasing then return the car, nothing comes back to you. so if you figure an example:
1st car:
23,4000 3yrs of leasing
2nd car:
23,4000 3yrs of leasing
3rd car:
23,400 3yrs of leasing
Total: $70,200.00 9yrs
Finacing: $45,000 for 5yrs
after 5yrs $0.00 (has a trade in value for a newer car)which gives the leaser nothing to down on a new car.
difference: you would have $25,200 in your pocket for future purchase ontop of trade in value.
it is quite expensive to lease. i did 8k down on my car financing 36,000k under 3.9% apr
11-15-2012, 06:56 AM
#7
lol my bad OP. yeah it is quite expensive. done jacking OP's thread lol
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11-15-2012, 01:44 PM
#8
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11-15-2012, 07:08 PM
#9
AudiWorld Senior Member
36 month lease @ 3.9% = $807 (23,926 residual value)
Lease cost: 807 x 36 = $29,055
36 month finance @ 2.9% = $1,507
Finance cost: 1,507 x 36 = 54,258 - 23,926 = $30,331
Lease is cheaper because you only pay taxes on what you used versus paying the taxes on the full amount for finance.
Last edited by Yoshimura; 11-15-2012 at 07:13 PM.
11-15-2012, 07:16 PM
#10
AudiWorld Super User
You are comparing running a 9 years old car versus a brand new car every 3 years. Of course it will be cheaper! Audi Canada has a payment estimator and here are the numbers for a 2013 Audi Q5 Premium:
36 month lease @ 3.9% = $807 (23,926 residual value)
Lease cost: 807 x 36 = $29,055
36 month finance @ 2.9% = $1,507
Finance cost: 1,507 x 36 = 54,258 - 23,926 = $30,331
Lease is cheaper because you only pay taxes on what you used versus paying the taxes on the full amount for finance.
36 month lease @ 3.9% = $807 (23,926 residual value)
Lease cost: 807 x 36 = $29,055
36 month finance @ 2.9% = $1,507
Finance cost: 1,507 x 36 = 54,258 - 23,926 = $30,331
Lease is cheaper because you only pay taxes on what you used versus paying the taxes on the full amount for finance.