We study quotients of quasi-affine schemes by unipotent groups over fields of characteristic 0. To do this, we introduce a notion of stability which allows us to characterize exactly when a principal bundle quotient exists and, together with a cohomological vanishing criterion, to characterize whether or not the resulting quasi-affine quotient scheme is affine. We completely analyze the case of G a -invariant hypersurfaces in a linear G a -representation W ; here the above characterizations admit simple geometric and algebraic interpretations. As an application, we produce arbitrary dimensional families of non-isomorphic smooth quasi-affine but not affine n-dimensional varieties (n ≥ 6) that are contractible in the sense of A 1 -homotopy theory. Indeed, existence follows without any computation; yet explicit defining equations for the varieties depend only on knowing some linear G a -and SL 2 -invariants, which, for a sufficiently large class, we provide. Similarly, we produce infinitely many non-isomorphic examples in dimensions 4 and 5. Over C, the analytic spaces underlying these varieties are non-isomorphic, non-Stein, topologically contractible and often diffeomorphic to C n .