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2015 Audi A3 Lease Questions

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  • MichaellMichaell ColoradoPosts: 7,372

    @alkaman said: Hello,

    Can someone please help me with MF and residual for: 2.0T AWD Prestige (36mo / 15K) 2.0T AWD Prestige (36mo / 18K)

    Thanks!

    .00152 and 55% for 36/15.

    Audi does not have a provision for leases with any more miles than that - perhaps my co-host would know.

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  • toekneechin05toekneechin05 Posts: 9
    Do you have numbers for a 2015 A3 Premium Plus 2.0 Quattro 15k/36months?
  • MichaellMichaell ColoradoPosts: 7,372

    @toekneechin05 said: Do you have numbers for a 2015 A3 Premium Plus 2.0 Quattro 15k/36months?

    .00152 and 57%

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  • moodyhankmoodyhank Boulder, COPosts: 19

    The money factors are quite high, does anyone know how the MSDs work for Audi?

  • MichaellMichaell ColoradoPosts: 7,372

    @moodyhank said: The money factors are quite high, does anyone know how the MSDs work for Audi?

    I think you can make up to 9 MSDs, each of which reduce the MF by .00005.

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  • alkamanalkaman Posts: 2

    @Michaell@Edmunds said: I think you can make up to 9 MSDs, each of which reduce the MF by .00005.

    I would add to this that MSDs are no longer legal for NY state.

  • toekneechin05toekneechin05 Posts: 9

    I got lease numbers from an Audi dealer for an A3 15k/36 Months Michaell@Edmunds

    Vehicle Price: 41,425 Discount: 3,133.37 Rebates: 750 Net Selling Price: 37,541.63 Sales Tax: 3,069.74 Fees: 455.35 Sales Subtotal: 41,066.72

    $0 Down with Tax: 560.91

    Is this a good deal?

  • kyfdxkyfdx Posts: 30,545

    @alkaman said: I would add to this that MSDs are no longer legal for NY state.

    That's true.. the maximum security deposit for NY is $750. However, we've heard from members that have leased from NJ dealers, and have been able to skirt the issue, that way.

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  • jbnjjbnj Posts: 9

    @toekneechin05 said: I got lease numbers from an Audi dealer for an A3 15k/36 Months Michaell@Edmunds

    Vehicle Price: 41,425 Discount: 3,133.37 Rebates: 750 Net Selling Price: 37,541.63 Sales Tax: 3,069.74 Fees: 455.35 Sales Subtotal: 41,066.72

    $0 Down with Tax: 560.91

    Is this a good deal?

  • jbnjjbnj Posts: 9

    Ask you dealer to break it down. 3,133 off MSRP + 750 rebate is a tremendous deal on an A3 IMO but it appears they've baked in some extras. Assuming it's a P+, a rough calculation using your numbers gets me a payment of $480 without tax and fees.

  • ionlyawdionlyawd Posts: 7

    I am looking at a 2015 A3 Premium 2.0T Quattro with Cold Weather Package + Navigation. MSRP is $36,850 and the dealer quoted $317 for 36 months with only 7500 miles and $4000 all-in (out-the-door) down payment which includes all taxes and fees. What is the Audi Financial money factor and residual for that deal? Should I take it? My friends calculate their BMW's (leased price x 36mo + money down divided by MSRP) and told me they pay about 38% of MSRP for their lease while Audi is at 42-44% of MSRP. Is that the norm for new Audi models?

  • kyfdxkyfdx Posts: 30,545

    @ionlyawd said: I am looking at a 2015 A3 Premium 2.0T Quattro with Cold Weather Package + Navigation. MSRP is $36,850 and the dealer quoted $317 for 36 months with only 7500 miles and $4000 all-in (out-the-door) down payment which includes all taxes and fees. What is the Audi Financial money factor and residual for that deal? Should I take it? My friends calculate their BMW's (leased price x 36mo + money down divided by MSRP) and told me they pay about 38% of MSRP for their lease while Audi is at 42-44% of MSRP. Is that the norm for new Audi models?

    .00152 MF and 64% residual.

    In general, BMWs lease for less than Audis, relative to their MSRP.

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  • ionlyawdionlyawd Posts: 7
    edited May 15

    So if the dealer quotes .00162 MF vs .00152 MF for MSRP 36,850 with sell price of 33,175, how much extra do they make off my payments?

  • kyfdxkyfdx Posts: 30,545

    @ionlyawd said: So if the dealer quotes .00162 MF vs .00152 MF for MSRP 36,850 with sell price of 33,175, how much extra do they make off my payments?

    The bank will get about $200 over the life of the lease, and rebate about 70% of that to the dealer (upfront).

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  • artiemackartiemack Posts: 3

    Hi, I'm looking at a 2015 A3 Premium 2.0T Quattro with Cold Weather Package no navigation - final price 33,200, and I was quoted .00143 63% residual... $418.24 a month for 12k / year - bare minimum down payment. How does this quote look to you? Thanks in advance!

  • MichaellMichaell ColoradoPosts: 7,372

    @artiemack said: Hi, I'm looking at a 2015 A3 Premium 2.0T Quattro with Cold Weather Package no navigation - final price 33,200, and I was quoted .00143 63% residual... $418.24 a month for 12k / year - bare minimum down payment. How does this quote look to you? Thanks in advance!

    Hmmm, I'm showing 62% residual and .00152 MF for 36/12. You might want to check with the dealer to see if this is an Audi financial service contract.

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  • artiemackartiemack Posts: 3

    Thanks Michaell --- It's not a Audi financial service contract - the loan is from a local credit union. How does the final price / monthly for this car look?

  • ionlyawdionlyawd Posts: 7

    artiemack - I was quoted a lower price via a credit union at first as well, research online complaints about the credit union, they tend to be smaller and less able to service a loan accurately, and likely make mistakes in billing and later on nickel and dime you when you return the car over things that Audi Financial may not. Pay now or pay later. You also can see my lease sell price of 33,175 includes Navigation AND Cold weather at $362/mo @7500 mi, .00162 money factor and 64% residual via Audi Financial, so your sell price of 33,200 probably has a little more negotiating room depending on where you are buying. I probably should be paying $350 but I have been haggling with my dealer and figure he deserves to make a little money for throwing in Nav.

  • ionlyawdionlyawd Posts: 7

    Edmunds, I renegotiated with the dealer for the Audi A3 2015 2.0T Premium with Navigation + Cold Weather Package, Scuba Blue for $36,850, sell price $33,175, money factor .00162, residual value 64%, 7500 miles/yr at $362.58/month with $2500 down (includes fees and taxes). Is this a good deal? Online lease calculators come back with $346 as the likely lease number per month so did I leave money on the table for the dealer as extra profit?

  • MichaellMichaell ColoradoPosts: 7,372

    @artiemack said: Thanks Michaell --- It's not a Audi financial service contract - the loan is from a local credit union. How does the final price / monthly for this car look?

    What was the MSRP? I can run the numbers through my calculator and see if they match up with what the dealer is providing.

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  • MichaellMichaell ColoradoPosts: 7,372

    @ionlyawd said: Edmunds, I renegotiated with the dealer for the Audi A3 2015 2.0T Premium with Navigation + Cold Weather Package, Scuba Blue for $36,850, sell price $33,175, money factor .00162, residual value 64%, 7500 miles/yr at $362.58/month with $2500 down (includes fees and taxes). Is this a good deal? Online lease calculators come back with $346 as the likely lease number per month so did I leave money on the table for the dealer as extra profit?

    The base MF is .00152, so that is being marked up a little bit by the dealer. 64% is the residual for 36 months @ 7500 miles per year.

    Is any of that $2500 due at signing going to cap cost reduction?

    With your .00162 MF, I get a pre-tax payment of $358.37. With the base MF of .00152, the pre-tax payment drops to $352.69.

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  • ionlyawdionlyawd Posts: 7
    edited May 16

    Michaell, the $2500 pays the 695 acquisition fee, and about 617 in motor vehicle registration, license, document and tire fees. About 1188 should go towards paying down the 33,175 gross cap cost. The dealer says sales taxes are included in the $362.58 monthly payment - but I am going to sign tomorrow and have not figured out what that number is.

  • MichaellMichaell ColoradoPosts: 7,372

    @ionlyawd said: Michaell, the $2500 pays the 695 acquisition fee, and about 617 in motor vehicle registration, license, document and tire fees. About 1188 should go towards paying down the 33,175 gross cap cost. The dealer says sales taxes are included in the $362.58 monthly payment - but I am going to sign tomorrow and have not figured out what that number is.

    So if I adjust the cap cost to $31,987 to reflect the $1188 down payment, with the base MF the pre-tax payment is $317.88. MF of .00162 takes the pre-tax payment to $323.44.

    What state do you live in and what is the local sales tax rate?

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  • ionlyawdionlyawd Posts: 7

    New Jersey, tax is 7%. Wow that is a big drop from 362.58! Maybe adding tax back in on the downpaymt and lease payments will make that number look closer to my quote.

  • MichaellMichaell ColoradoPosts: 7,372

    @ionlyawd said: New Jersey, tax is 7%. Wow that is a big drop from 362.58! Maybe adding tax back in on the downpaymt and lease payments will make that number look closer to my quote.

    Yeah, NJ collects all sales tax up front and adds it to the cap cost. That will certainly raise your payment up to the quoted number from the dealer.

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  • artiemackartiemack Posts: 3
    Hi, actually the MSRP is 34600 - 39 months and 12k. NYS tax 8.875%. How does 418 a month sound - bare minimum / necessary costs only at closing? Thanks.
  • justg0justg0 Posts: 70
    Looking for MF and residual 10k and 7.5k miles in WA state for A3 2.0 quattro premium plus

    Thanks in advance.
  • justg0justg0 Posts: 70
    Also I am being told that they are not doing MSD for A3. Is that just the dealer who is making this restriction?
  • jbnjjbnj Posts: 9

    @ionlyawd‌ Do you mind sharing the dealer you go to please? Thanks.

  • MichaellMichaell ColoradoPosts: 7,372

    @artiemack said: Hi, actually the MSRP is 34600 - 39 months and 12k. NYS tax 8.875%. How does 418 a month sound - bare minimum / necessary costs only at closing? Thanks.

    Using all the numbers you've provided me ($34,600 MSRP, $33,200 selling price, .00143MF and 63% residual for 39 months), I get a pre-tax payment of $371.01. Add tax and you're at $403.93.

    Changing the lease term to 36 months gets $395.37 pre-tax and $430.46 after tax.

    Not sure how they are getting to the $418, unless they are rolling in some fees and taxes into the cap cost.

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