CPO at lease end
#1
CPO at lease end
<center><img src="http://pictureposter.audiworld.com/16041/sti1.jpg"></center><p>I don't know if this is typical, but my dealer agreed to buy my S4 at the lease-end and sell it back to me as a CPO (6 years and 100k miles), and the purchase price was the same as the buy-out price in the lease. The dealer (Stevens Creek in San Jose) did a good job and made the process very easy for me.
Even though the CPO is not transferable, I am able to keep the car now and wait to buy a new Audi when I'm ready (maybe the new sc'ed S4). Since I didn't buy a new car now, I did pick a new commuter car, a 2008 STI.
Even though the CPO is not transferable, I am able to keep the car now and wait to buy a new Audi when I'm ready (maybe the new sc'ed S4). Since I didn't buy a new car now, I did pick a new commuter car, a 2008 STI.
#3
Re: They probably made a few bucks on the financing
And the dealer probably was able to buy out the lease for less than the residual, which made them a few dollars also.
#4
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You had a good dealer to work with...
Unfortunately I wasn't so lucky. The salesguy I got my S4 from was long gone, and the people I talked with weren't interested in dealing with selling it back to me, financing, or CPO. Their agenda was clear...they wanted me to return the S4 and put me in a new Audi. Good people at a dealership goes a long way. Criswell Audi in Annapolis isn't one of them. Congrats on it all working out for you.
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#8
AudiWorld Member
I did the same thing back in Feb...
Might have been able to save a few bucks by doing the same thing through AFS but I have had good luck / relationship with the dealer and they discounted the CPO for me. Still if $$$ is your key driver, you can probably do better through AFS (assuming that is who your lease is with) - similar warranty (not CPO) and theirs can be transferred.
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