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Would you trade a new Audi with neg equity for a used CPO Lexus?

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Old 02-27-16, 11:41 AM
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Shel1fish
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Thanks for your input! Very helpful!

(Moderator addition: OP edited post after answers below, but to clarify so answers make sense, OP bought '16 Q5, not happy, thinking about trading for CPO '13 RX)

Last edited by bitkahuna; 02-28-16 at 09:07 AM. Reason: Can't find way to delete even though help section says it is possible....; question answered adequately & decision made
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Old 02-27-16, 12:30 PM
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BornDriver
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Yeah, brake is one the common issues of Q5, and nobody can get it right.
Why not 2016 RX350? It is way better.
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Old 02-27-16, 12:32 PM
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Shel1fish
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I wish! Since I already have negative equity in the Audi it would be foolish to amp it up more buying another brand new car at the price Lexus wants for the 2016's. I'm not in a position to make that kind of move. Had I not blundered on the Audi I would have more money to work with...
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Old 02-27-16, 01:25 PM
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If you ever really REALLY consider getting rid of your car for something else, you made a bad purchase decision. I say go for the RX, but you still got to thoroughly check the car before making another buy.
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Old 02-27-16, 01:37 PM
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It seems like you'd be better off toughing it out with the Audi and eat up some depreciation before making a move to something else. After some adjustment, the things that bug you now might not seem so bad.
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Old 02-27-16, 01:44 PM
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mordecai
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Equity already went down $5k in a couple of months? Is that common for Audis?
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Old 02-27-16, 01:56 PM
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If you make a switch now, you will definitely lose $. But in return, you'd gain happiness. Personally, I'd stick it out. It is very very common to not like certain things with any new car. Then after a half year, one gets used to them and all ends up fine. There is a high chance you'll also find things you don't like with the RX. If you can get over the current hump you are on, I think you'll be happy with the Audi. They rank quite high.
Best wishes.
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Old 02-27-16, 02:28 PM
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Don't rush from one bad decision into the next. A Q5 is still a pretty solid car; it's not like the RX is that much different.

Live with your car for the next few years and let it be a lesson to you to give more consideration to your purchases.
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Old 02-27-16, 03:04 PM
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Mr. Burns
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Originally Posted by Infra
Don't rush from one bad decision into the next. A Q5 is still a pretty solid car; it's not like the RX is that much different.

Live with your car for the next few years and let it be a lesson to you to give more consideration to your purchases.
Yes let's spend all that money on a luxury SUV only to "live with it" and "let it be a lesson".
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Old 02-27-16, 04:37 PM
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Originally Posted by Infra
Don't rush from one bad decision into the next. A Q5 is still a pretty solid car; it's not like the RX is that much different.

Live with your car for the next few years and let it be a lesson to you to give more consideration to your purchases.
This. Obviously finances are important and since the Audi is still under warranty, hang on to it until the time is right to make the move. Perhaps year 2.5 to 3 of you current lease and while the Audi's warrantee is still in effect.

Originally Posted by Mr. Burns
Yes let's spend all that money on a luxury SUV only to "live with it" and "let it be a lesson".
Well some people make spur of the moment or emotional decisions and then ask for other's opinion when they face reality. The least to do is provide them with information to either correct their earlier "mistake" or how to cut their losses. In this case there are worse options then to keep a car they earlier had an emotional reaction to.
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Old 02-28-16, 06:09 PM
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Originally Posted by Mr. Burns
Yes let's spend all that money on a luxury SUV only to "live with it" and "let it be a lesson".
Why does it matter what was purchased? A bad financial move is a bad financial move.

With your logic, why wouldn't someone take out the payday loan so they can afford the big screen TV they really want, rather than the one they can afford?

Offering someone bad advice simply because it might make them feel good is still offering someone bad advice. If OP had decided to already do this, he or she wouldn't have posted. It's a request for some rationality because so far everything has been decided by emotions as the primary importance.
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Old 02-28-16, 08:17 PM
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I'm considering a Q5 when my S5 lease is up. What was the original post? What was the issue? I've heard the Q5's are very reliable.
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Old 02-29-16, 05:52 AM
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Originally Posted by Shel1fish
I wish! Since I already have negative equity in the Audi it would be foolish to amp it up more buying another brand new car at the price Lexus wants for the 2016's. I'm not in a position to make that kind of move. Had I not blundered on the Audi I would have more money to work with...
I'd say keep it for 12-18 months, use it for the amount of depreciation hit, and then switch to a 2016 Rx CPO. Or maybe not as you may have adjusted with the quirks of the Audi.
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Old 02-29-16, 06:44 AM
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Originally Posted by dseag2
I'm considering a Q5 when my S5 lease is up. What was the original post? What was the issue? I've heard the Q5's are very reliable.
As I recall, the OP had a problem with the brakes on the Q5, but not sure what it was. He also mentioned issues that bugged him but didn't elaborate. Audi's overall reliability has been on the upswing lately.
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Old 02-29-16, 07:47 AM
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by the time its paid off its going to be worthless. terrible depreciation on these. get the RX you wont regret it
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