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'22 e-tron GT leases - keeping or trading in?

3K views 24 replies 12 participants last post by  Aur0ra12 
#1 · (Edited)
I'm two-thirds of the way into my 3-year lease with just over a year left (August '21 delivery). Are others who may be leasing thinking about keeping or turning it in at lease-end? I'll only be at 25k or so mileage when my lease is up.

I really love the car aside from the half-dozen or so electrical quirks and recalls, but am undecided if I want to keep it long-term. In the usual Audi ways, I don't see any new or exciting changes coming to the GT in the next year or so, so maybe it's time to try something else.

I also just had to replace the tires at just under 15k miles, which was expected.

Any thoughts?
 
#2 ·
I was considering leasing, mostly so that I wouldn't be locked into 2023 tech when everything's advancing so quickly, but the cost of keeping the car for only 3 years seemed excessive (I'm trying to "amortize" my big down payment over more years). Would you mind sharing what your total 3-year cost will be, including any down payment you may have made?
 
#5 ·
It doesn't matter if you buy, borrow, or lease -- those first three years will end up at around $2k/month.
If you plan to keep the car for another 5 years, and pay it off with a 5 year used car loan, you might pay about $1400/month or so, after which point you own the car outright, and maybe it's still worth something at the end.

The way I see it: The other cost is insurance and maintenance, and we don't know how well these will last past the warranty period -- if we believe it's solid, it's cheaper to keep the car rather than get something new. If we want something new, it's either back to $2k/month, or buy something along the lines of a BMW i4 M50... (Or a Chevy Bolt, which saves a lot of money! :-D)
 
#6 ·
The way I see it: The other cost is insurance and maintenance, and we don't know how well these will last past the warranty period -- if we believe it's solid, it's cheaper to keep the car rather than get something new. If we want something new, it's either back to $2k/month, or buy something along the lines of a BMW i4 M50... (Or a Chevy Bolt, which saves a lot of money! :-D)
That's the decision I have to make. We got rid of my wife's BMW X5 as soon as the warranty was over, assuming non-warranty repairs would be stupid expensive. I have a similar feeling about the e-tron GT.
 
#7 ·
I’m at about the same point in my S5 lease as you and looking to get a GT. I would much prefer an RS6 etron though and will ask for a lease extension to see if I could make that happen if allocations line up. If you wanted to try something different, maybe that would be the way to go as well?
 
#14 · (Edited)
Post warranty maintenance or out-of-pocket repairs?

The former should be a non-issue. Risk of the latter can by mitigated by an Audi "Pure Protection" plan.

We are going to keep the GT for ~6 to 6.5 years, in order to amortize the insane upfront costs. An 84 month/105k extended warranty coupled with the 96 month/100k battery coverage, should cap costs for that period and if dumped before those warranties end, should bump the value up a bit at disposition.

We did the same thing on my wife's Panamera PHEV, which was a total electrical/battery nightmare throughout the 8 years we owned it, but with a new battery, it pulled in a very good number on trade. Also went the same route with my AMG E63S that I kept for about 6 years.

Neither of us care about the newest tech or having a brand new model every 3 years, especially when factoring the acquisition costs and property taxes.
 
#12 ·
What would you trade it in for? Naturally, I was very interested in the Taycan, but they have huge waitlists and are essentially in a stop sale due to various parts issues. I would likely also break the bank; unable to contain myself with the options.

Polestar 5?
 
#16 ·
Thanks for the replies @ace10 and @das2.7t

I guess I wasn't thinking about an extended Audi plan. That might make me think twice about not keeping it longer, depending on how much it is when I start discussing with Audi. I did not negotiate any extended warranty on the front end, as I normally do not keep vehicles more than 3-4 years. There is so much new battery tech (specifically range as I'm only getting ~250 mi or so) coming out that I assumed I would want to trade up every 3 years.
 
#18 ·
Do manufacturers cover battery replacement out to ten years in the UK?
In the US, they are required to offer at least 8 years/100k miles replacement coverage. Tesla, Merc, Hyundai, Kia, and Rivian offer beyond that.

A failed battery in the 97th month could result in writing off the vehicle.
 
#22 ·
Back to the original question, my three year lease ends in 15 months. I will have invested $57000 USD between monthly payments and my down payment (trade in). I got a decent deal with real discounts. Performance package upgrade. I’m really torn at this point. I love the car except for the funky software glitches and its tendency to go out of alignment and eat tires. It was originally a 45k mile lease but I’ll have only around 35k miles on it. My buyout figure is set at $58k. A decent price I guess but I worry about the maintenance items after warranty expiration. I do find the BMW i4 50 very interesting, and a new one will cost around 70,000 USD. Could be a better value. I’ll take my GT, however, over any Tesla, Mustang Mach E, or Mercedes EV. We’ll see when it gets closer.
 
#25 ·
57k out the pocket already? then "keep" is the obvious answer, especially at a discounted $58k that they offered you -- goal is to capitalize that depreciation "expense" you paid out during the lease period into invested asset value.

and i4 is not in the same league as the GT.
 
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