Reply to Trading up on a lease

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You would have to take the same loss if you owned it. [/quote]

nope.  If you own a vehicle  you own a vehicle.  when you sell/trade it  you are selling/trading it for what its worth or for what you can get for it.  yes when you buy a new vehicle you take a hit on the depreciation as soon as you drive it off the lot,  but  its property that you own and property that you have control over.

when you are trying to get out of lease really early, you have no leverage, even going back to the dealer, the paperwork is completely on the side of the dealer and their lawyers.  there is no upside.

at the end of a lease  you owe nothing,  but you don't own anything either.  you have nothing to show for your years of payments.  might as well just rent a car from enterprise...

[/quote]

Not the PP but don't talk with certainty about stuff you have no idea about. Only an idiot would buy a depreciating German vehicle that costs a fortune to fix outside of warranty. Every auto lease agreement has a payoff amount which is between you and the manufacturer's financing arm. If halfway through the lease you liked the car so much you wanted to own it forever you could write a check to the bank and get the title, the originating dealer no longer has anything to do with it. OP would be taking a bath whether he buys the A4 and sells after 24 months or leases and then 24 months in decides he wants out. The dealer likely blew OP off as the type of person who leases an A4 for $399/month is not going to have $12k lying around to upgrade to a more expensive vehicle. [/quote]

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