Need some serious and unbias feedback on this. I began leasing a 2003 Audi A4 1.8T Quattro fully loaded 5 months ago and put $12,500 downpayment and my payments for the 4 years are $403/mth taxes included.
Fast-forward 5 months into the lease and I find out that my situation has changed drastically, not just from a career standpoint but family standpoint too.. I'm married with a child and looks like we may have another one on the way...
My question is simple... I have someone who is interested in taking over the lease of the car by paying me $7,000 cash. In other words, I give them the car, they make the remaining payments and I walk away with $7,000 which means in 5 months I lose $5,500!
However, I can do a purchase finance deal with Mazda for a new 2004 Mazda 3 w/GFX Package GT Auto Tranny for $405/mth taxes included over 5 years.
Financially, what would you guys do? I'm looking to get as much feedback on this as possible. On the one hand, with the Audi, I wouldn't pay for any maintenance/tune-ups in the first 4 years, not even oil changes... with Mazda I would. However, after 4 years with the Audi, the residual value is $18,425 + Taxes. At least with the Mazda, after 5 years the car is paid for and I own it.
I'm looking for as much honest and unbias feedback as possible...
Thanks,
PJStyles
Fast-forward 5 months into the lease and I find out that my situation has changed drastically, not just from a career standpoint but family standpoint too.. I'm married with a child and looks like we may have another one on the way...
My question is simple... I have someone who is interested in taking over the lease of the car by paying me $7,000 cash. In other words, I give them the car, they make the remaining payments and I walk away with $7,000 which means in 5 months I lose $5,500!
However, I can do a purchase finance deal with Mazda for a new 2004 Mazda 3 w/GFX Package GT Auto Tranny for $405/mth taxes included over 5 years.
Financially, what would you guys do? I'm looking to get as much feedback on this as possible. On the one hand, with the Audi, I wouldn't pay for any maintenance/tune-ups in the first 4 years, not even oil changes... with Mazda I would. However, after 4 years with the Audi, the residual value is $18,425 + Taxes. At least with the Mazda, after 5 years the car is paid for and I own it.
I'm looking for as much honest and unbias feedback as possible...
Thanks,
PJStyles