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TT - think about returning to finance company

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Old Oct 20, 2012 | 11:35 PM
  #1  
Mr_J's Avatar
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Default TT - think about returning to finance company

Gotta 2008 (certified pre owned) TT. 2.0

But I have a relocate to the Gold coast. Ain't trying to ship the machine over to other side of world.

Has anyone returned a financed vehicle to audi before?

~best
 
Old Oct 21, 2012 | 10:03 AM
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That can't be good for your credit at all. I think your best options would be to either take it with you, or sell it, and bite the bullet on whatever you would still owe. A lot of used car dealers with outright buy your car at KBB value (trade in) now-a-days.
 
Old Oct 22, 2012 | 09:49 PM
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Originally Posted by bradtyler02
That can't be good for your credit at all. I think your best options would be to either take it with you, or sell it, and bite the bullet on whatever you would still owe. A lot of used car dealers with outright buy your car at KBB value (trade in) now-a-days.

thank for the response. But I don't really think I could sell what I don't own. Audi financial owns the car if I still have payments to make.
 
Old Oct 23, 2012 | 06:35 AM
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True, but at a dealership, you would have to give them the difference of what they offer, and what you owe, and they would pay the bank (or Audi finance) for you. It may be a few thousand that you would end up taking a hit for, but in the long run, it's WAY cheaper than the extra expenses of having that in your credit history.
 
Old Oct 23, 2012 | 09:24 AM
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The lease spells out early termination. There is a cost. But, if you follow that route, why would your credit take a hit?
 
Old Oct 23, 2012 | 11:50 AM
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I assume it's not a lease since it's a certified pre-owned?

If it is a lease, obviously he can't just go sell it somewhere.
 
Old Oct 23, 2012 | 02:30 PM
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"But I don't really think I could sell what I don't own. Audi financial owns the car if I still have payments to make"

Okay, if it's not a lease, then contrary to what he says, he owns the car, though it is subject to a lien, and can sell it. He will have to contact Audi Financial (presumed lien holder) about getting the title on good faith, in order to sell it. After selling, he will have to pay what he owes to the lien holder--Audi Financial.
 
Old Oct 23, 2012 | 06:00 PM
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not a lease, financing.

Anyway, I spoke with AudiFinancial. She suggested I sell it to carmax. **** I love me TT.. but my work (VISUAL EFFECTS) is taking me abroad.

Got some decisions to make.

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Last edited by Mr_J; Oct 23, 2012 at 06:20 PM.
Old Oct 24, 2012 | 10:51 AM
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Originally Posted by bradtyler02
A lot of used car dealers with outright buy your car at KBB value (trade in) now-a-days.
I spoke with AudiFinancial. She suggested I sell it to carmax
Tada...
 
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