116Crew

Hello everyone!

My Q5 lease ends next month and I was thinking of getting a PP Q7 45 but dealers are charging a +$10k market adjustment. I understand that there are shortages but that is ridiculous knowing how many Audi‘s I have owned before. Would love to get everybody’s thoughts on this amount and how flexible that market adjustment price is.

Thanks!

keg97

Econ 101- supply and demand. It's an awful time to buy a new or used one. You're almost better to extend your own lease and hope things improve by the summer/fall like has been predicted.

116Crew

Yeah I totally get that supply and demand but I’m still completely shocked. Of course this has to happen when my lease ends lol.

Could I extend my lease? And if so by how long?

keg97

It is shocking! I was shocked when Kia Tellurides and Hyundai Palisades were selling for thousands over asking price when they first came out. I'm of the generation where Kias and Hyundais weren't far off from a Yugo.

Reach out to your leasing company and see if you can go month to month or add another 3/6/12 months. Good luck!

AlbertQ7

Maybe another consideration would be to buy out your lease, and then turn around and sell it or even trade it in. I would assume the residual value was based on pricing from several years ago, so it would sell or trade for much more now. Perhaps that could finance the 10K market adjustment for you, although would be a bit of a pain and of a risk. You could start by doing a carmax quote for your current car and see what they would give you to see if there is any chance of that plan working.

djpeaksd

Im not sure where you are located, which in this case doesn't matter all that much. Go to Audi South coast website and see if there is anything that works for you. If so I will give you a contact to reach out to. They are in Southern California and do not charge any markups, so essentially could get a car shipped to you for $750 bucks. Way cheaper than that $10K markup crap. I have purchased many vehicles from them over the years.

SCarGuy

inventory is not going to improve in 6 months, or even 12 months

That being said, there are dealers who are at MSRP - all depends on the vehicle, and your proximity to them

thirdcoast

$10k markup seems crazy. Just say NO to that. In July I was able to get a decent deal on a new A4 Allroad plus the dealer honored an Audi Club NA discount, however I believe some vehicles are exempt from that. I would seriously consider buying out your lease.

keg97

Just wondering on what information you make this statement?

SCarGuy

I work for Audi